NYMEX Natural Gas Futures Contract Prompt month Dec23 settlement -US$0.124/MMBtu at $3.14, low of $3.099, high of $3.295, traded range of $0.196. Winter 23 -$0.102 at $3.302, Summer 24 -$0.054 at $3.292.
Market Fundamentals Natural gas prices continued to fall today, reaching levels not seen since September 18th, 2023. A bearish combination of fundamentals continues to cap upward pressure. Natural gas production to date has risen falling record highs in October, the storage surplus continues to hold at +6%, and temperatures continue to hold off demand.