NYMEX Natural Gas Futures Contract Prompt month Dec23 settlement -US$0.065/MMBtu at $3.041, low of $3.022, high of $3.162, traded range of $0.14. Winter 23 -$0.052 at $3.191, Summer 24 -$0.037 at $3.232.

Market Fundamentals Natural gas prices continues to settle lower for the fourth consecutive day today, although the prompt month December contract continues to hover above $3. Weather continues to stay mild. Additionally, the U.S. EIA put on a hold on today’s Lower-48 storage report as it updates it systems. Industry analysts are expecting a strong withdrawal though given the cold shots last week. Mild weather this week is expected to result in further smaller withdrawals, which would maintain the current storage surplus figure.

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