NYMEX Natural Gas Futures Contract Prompt month Nov23 settlement +US$0.027/MMBtu at $2.926, low of $2.861, high of $2.951, traded range of $0.09. Winter 23 +$0.008 at $3.274, Summer 24 -$0.008 at $3.237.
Market Fundamentals Natural gas prices settled slightly higher today on the news of longer-term forecasts showing cold weather on the way. While temperatures have held above normal to date, a shift is expected on Halloween with November expected to come in colder than the 10-year normal. This will prompt the return of heating season and storage withdrawals.