NYMEX Natural Gas Futures Contract Prompt month Dec23 settlement -US$0.034/MMBtu at $3.106, low of $3.058, high of $3.188, traded range of $0.13. Winter 23 -$0.06 at $3.242, Summer 24 -$0.022 at $3.27.
Market Fundamentals Natural gas prices for a third day in a row today was weather forecasts continue to stay mild. Recent forecasts continue to cement a warmer than 10-year normal trend up until past the 21st of the month, which would delay heating demand. According to Goldman Sachs, expectations are 8% warmer than average which implies an estimated 48 Bcf of demand loss.