March 12 2024 Market Update

[4:15 PM] Kourosh Jam

NYMEX Natural Gas Futures Contract  The NYMEX Summer 24 settled at $2.22 USD/mmBtu and the Winter 25 strip is at $3.36 USD/mmBtu.

Market Fundamentals: Based on the forecast, March is going to continue warming up and demand will be dropping simultaneously. The demand doesn’t seem like it will be increasing anytime soon in the next couple of weeks. (KJ). 

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