Wednesday, August 15th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.952, nearly a penny below Tuesday’s closing price of $2.959. A momentary jump to the intraday high of $2.963 gave way to modest selling early in the session before stabilizing near $2.940 ahead of 11:30AM. Trading within a tight band through the balance of the day as markets await the weekly storage report, September closed lower on Wednesday at $2.940.
The EIA Natural Gas Storage Report is due out at 10:30AM today. The report is expected to show a 29 BCF injection to storage for the week ended August 10th. This compares to a 53 BCF injection at this time last year and a five-year average injection amount of 56 BCF.
This morning in Globex, WTI Crude was down 31 cents; Natural Gas was unchanged; Heating Oil was up one cent; and, Gasoline was down one cent.
Natural Gas Glossary
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