November 29th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month Dec 23 contract rolled off. Jan 24 Prompt month contract settled $2.81 USD/M; Winter is settled at $2.75 down $0.096 and Summer 24 settled at $2.88 down $0.047 USD/Mmbtu.

Market Fundamentals Natural gas prices continues to settle lower today. We are now trading at nearing its lowest point since late September. The decline, as noted prior, it mainly attributed to mild weather reducing heating demand. Take care.

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