September NYMEX Natural Gas Futures Contract Closed at $2.219 on Tuesday, August 13th

Wednesday, August 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.201, five cents above Tuesday’s closing price of $2.148. Trending higher early on, a historically light storage injection added to the bullish sentiment already ingrained in the market, as prices rose to tally the intraday high of $2.276 at 10:45AM. The contract pulled back slightly in the afternoon as September closed higher on Wednesday at $2.219.

The EIA Natural Gas Storage Report is due out on Thursday at 10:30 AM. The report is expected to show a one BCF injection to storage for the week ended August 9th. This compares to a 35 BCF injection this time last year and a five-year average injection amount of 43 BCF.

As of 7:15AM EST this morning in Globex, WTI Crude was up 66 cents; Natural Gas was up three cents; Heating Oil was up one cent; and Gasoline was up two cents.

                                                                                                 
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