Today’s storage report came in at a withdrawal of -62 Bcf for the week ending March 7, 2025. A larger draw than the expected -58 Bcf, and the market had a slightly bullish response. The NYMEX front month contract traded up from $4.03 US/mm to a high of $4.19, but then sold back down to $4.04. In the end, we are at the same place that we were this morning, still holding onto yesterday’s sell off.

Temperatures for the rest of the month are still set to be near and above average across the US and Canada, but trading will likely slow down as we head into the weekend. It will be interested to see how the NYMEX behaves in the coming days.