Wednesday, August 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.215, nearly even with Tuesday’s closing price of $2.218. Recording an intraday high of $2.216 as markets opened prices then trended lower into the morning until reaching $2.165 at 11:30AM. Trading sideways along this mark for the balance of the day, touching an intraday low of $2.157 at 1:00PM, September closed lower on Wednesday at $2.170.
The EIA Natural Gas Storage Report is due out at 10:30AM today. The report is expected to show a 55 BCF injection to storage for the week ended August 16th. This compares to a 51 BCF injection at this time last year and a five-year average injection amount of 57 BCF.
As of 8:40AM EST this morning in Globex, WTI Crude was up 52 cents; Natural Gas was down one cent; Heating Oil was up one cent; and Gasoline was up one cent.
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