Wednesday, July 25th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.746, about a penny higher than Tuesday’s closing price of $2.732. The opening marked the intraday low. Swinging upwards right out of the gate, the contract reached the intraday high of $2.777 by 9:10AM. Sideways trading ensued as prices bounced within a two-cent band for the balance of the day. August closed higher on Wednesday at $2.775.
The EIA Natural Gas Storage Report is due out at 10:30AM today. The report is expected to show a 25 BCF injection to storage for the week ended July 20th. This compares to a 17 BCF injection at this time last year and a five-year average injection amount of 46 BCF.
This morning in Globex, WTI Crude was down 22 cents; Natural Gas was up slightly; Heating Oil was up slightly; and, Gasoline was down slightly.
Natural Gas Glossary
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