NYMEX Natural Gas Futures Contract Prompt month Dec23 settlement -US$0.131/MMBtu at $3.352, low of $3.321, high of $3.405, traded range of $0.084. Winter 23 -0.119 at $3.432, Summer 24 -$0.044 at $3.26.
Market Fundamentals Today marked the first of December 2023 as the prompt month contract. Although much of the downward move happened on Friday, prices were tightly bound in today’s session. Weather forecasts continue to be the main catalyst in driving prices. Although cold weather has arrived, it’s expected to only last until November 4th before returning to be in line with the 10-year normal.