Thursday, September 13th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.847, two cents above Wednesday’s closing price of $2.829. Tallying the intraday high of $2.854 as markets opened and again at 10:00AM, the contract held steady through the weekly storage report as inventory growth was largely in line with expectations. Trading gradually lower after midday, October marked the intraday low of $2.814 before closing lower on Thursday at $2.817.
The EIA Natural Gas Storage Report published on Thursday showed a 69 BCF injection to storage for the week ended September 7th – just above the market estimate of 67 BCF. Total working gas in storage was reported as 2,636 BCF; 20.1% below this time last year and 18.4% below the five-year average.
This morning in Globex, WTI Crude was up 29 cents; Natural Gas was down one cent; Heating Oil was down slightly; and, Gasoline was down one cent.
Natural Gas Glossary
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