Tuesday, June 15th saw the front-month NYMEX Natural Gas Futures Contract open at $3.336, a penny above Monday’s closing price of $3.352. Ascending to an intraday high of $3.353 soon after the opening bell, the contract bounced around the $3.340 level until 10:30AM as prices started to slip. Stepping lower to cross midday near $3.267, and falling to an intraday low of $3.235 at 1:40PM, July closed lower on Tuesday at $3.240.
The EIA Natural Gas Storage Report is due out on Thursday at 10:30AM. The report is expected to show a 74 BCF injection to storage for the week ended June 11th. This compares to an 85 BCF injection at this time last year and a five-year average injection amount of 87 BCF.
As of 8:20AM EST this morning in Globex, WTI Crude was up 22 cents; Natural Gas was down four cents; Heating Oil was down one cent; and Gasoline was down one cent.
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