NYMEX Natural Gas Futures Contract Prompt month Nov23 settlement +US$0.204/MMBtu at $3.214, low of $2.977, high of $3.279, traded range of $0.302. Winter 23 +$0.108 at $3.476, Summer 24 +$0.028 at $3.306.
Market Fundamentals What a day for natural gas today as the prompt month November contract took off one day before expiration. The U.S. EIA storage report came out at 10:30AM today, and once again shook the market. While the industry average estimate came in at an injection of 81 billion cubic feet (Bcf), we actual report showed a smaller injection at 74 Bcf for the week ending October 20th, 2023. Prices have now returned to levels last seen two weeks ago on October 13th, 2023.