NYMEX Natural Gas Futures Contract Prompt month Dec23 settlement -US$0.022/MMBtu at $3.472, low of $3.401, high of $3.509, traded range of $0.108. Winter 23 +$0.007 at $3.584, Summer 24 +$0.017 at $3.419.
Market Fundamentals Today’s major news came from the release of the U.S. EIA Storage Report. The preliminary consensus estimate was an injection in the low-80s, and the actual number was reported at 79 billion cubic feet (Bcf) which had minimal impact on pricing action. Weather continues to stay somewhat mild, so we see prices still below the high of $3.63 hit on Halloween.