On Wednesday, June 26th – settlement day for the July contract – the front-month NYMEX Natural Gas Futures Contract opened at $2.293, nearly two cents below Tuesday’s closing price of $2.308. In a day of light trading, prices rose to an intraday high of $2.324 at 10:20AM and fell to an intraday low of $2.265 at 2:10PM, as the July contract settled nearly flat at $2.291. Ready to assume the front month position, the August contract opened lower on Wednesday at $2.271 and finished down two cents to close at $2.268.
The EIA Natural Gas Storage Report is due out at 10:30AM today. The report is expected to show a 99 BCF injection to storage for the week ended June 21st. This compares to a 66 BCF injection at this time last year and a five-year average injection amount of 70 BCF.
As of 8:45AM EST this morning in Globex, WTI Crude was down 42 cents; Natural Gas was up two cents; Heating Oil was down two cents; and Gasoline was down three cents.
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