Natural Gas Storage Injection: Key Insights Today

Friday, April 4^th saw the front-month NYMEX Natural Gas contract opened at $3.969, $0.169 cents below Thursday’s closing price of $4.138. Recording the intraday high of $3.969 within minutes of the opening bell, the contract continued to pull back throughout the session. Tariff-induced market uncertainty is being labeled as the main contributor as other markets are also in decline following the Trump Administration’s latest round of tariff policies. Prices fell to the intraday low of $3.830 at 1:55PM as May closed lower on Friday at $3.837; down 5.6% on the week.

The EIA Natural Gas Storage Report published last Thursday posted a 29 BCF injection to storage for the week ended March 28 – in line with the market estimate of a 23 BCF injection. Total working gas in storage was reported as 1,773 BCF; 21.7% below this time last year and 4.3% below the five-year average.

As of 7:10AM this morning in Globex, WTI Crude was down $1.440; Natural Gas was down $0.053; Heating Oil was down $0.031; and Gasoline was down $0.035.

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