August 15th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month Sep23 settlement -US$0.136/MMBtu at $2.659, low of $2.647, high of $2.836, traded range of $0.216. Winter 23 -$0.043 at $3.717, Summer 24 +0.006 at $3.387. Market Fundamentals Today saw a huge reversal of last week’s bullish action as front end contracts took a beating. Today’s fall has a …

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August 11th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month NYMEX Sep23 natural gas contract settlement +US$0.007/MMBtu at $$2.77, low of $2.701, high of $2.833, traded range of $0.132. Winter 24 +$0.054 at $3.733, Summer 24 +$0.032 at $3.381. Market Fundamentals Prices were on the downtrend early today but managed to turn around to settle relatively unchanged from …

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August 10th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month Sep23 -US$0.196/MMBtu at $2.763, low of $2.747, high of $2.998, traded range of $0.251. Market Fundamentals Natural gas prices essentially undid the move upwards yesterday today. Temperatures have retreated some in the most recent weather run, and European LNG prices have backed off a little following yesterday’s LNG …

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August 9th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month Sep23 NYMEX natural gas contract +US$0.182/MMBtu at $2.959, low of $2.771, high of $3.018, traded range of $0.247. Winter 23 +$0.159 at $3.778, Summer 24 +$0.068 at $3.388. Market Fundamentals U.S. natural gas futures rose to 5-month high today on the outlook for excessive heat and through the …

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August 8th, 2023 – Market Update

NYMEX Natural Gas Futures Contract NYMEX Sep23 prompt month natural gas +US$0.052/MMBtu at $2.777, low of $2.692, high of $2.794, traded range of $0.102. Winter 23 +$0.063 at $3.619, Summer 24 +$0.03 at $3.32. Market Fundamentals Welcome back from the Civic Holiday. Although it has been much cooler up here in Toronto, recent weather forecasts …

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August 1st, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month Sep 23 settlement -US$0.074/MMBtu at $2.56, low of $2.531, high of $2.675, traded range of $0.144. Market Fundamentals Prices continued to fall as bearish factors outweigh the bullish. Although temperatures into August continue to be hot, cooler forecasts arriving mid-month paired with high production and weaker LNG demand …

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July 31th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month Sep 23 NYMEX Futures settlement -US$0.004/MMBtu at $2.634, high of $2.69, low of $2.60, traded range of $0.08. Summer 23 +$0.01 at $2.688, Winter 2023 +$0.01 at $3.53. Market Fundamentals Very slow trading on across the board today. We noted slight movement in the markets overall as the …

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July 28th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month Sep 23 NYMEX Futures settlement +US$0.042/MMBtu at $2.64, high of $2.68, low of $2.56, traded range of $0.121. Summer 23 +$0.042 at $2.702, Winter 2023 +$0.022 at $3.54. Market Fundamentals Today marks first day of trading the Sept 23 with extreme volatility from the open througout the day …

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July 27th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month Aug23 NYMEX Futures settlement -US$0.17/MMBtu at $2.492, high of $2.65, low of $2.46, traded range of $0.187. Summer 23 -$0.136 at $2.602, Winter 2023 -$0.38 at $3.519. Market Fundamentals Today marks the last day of trading of Aug23 as the prompt month NYMEX Futures natural gas contract. EIA …

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July 26th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month Aug23 NYMEX Futures settlement -US$0.065/MMBtu at $2.665, high of $2.739, low of $2.625, traded range of $0.114. Summer 23 -$0.056 at $2.722, Winter 2023 -$0.031 at $3.596. Market Fundamentals Today marks the second last day of trading of Aug23 as the prompt month NYMEX Futures natural gas contract. …

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