Wednesday, April 19th, saw the front-month NYMEX Natural Gas Futures Contracts open at $3.195, five cents above Tuesday’s closing price of $3.145. A shift in weather patterns saw prices hovering near the $3.20 mark early in the day before climbing to the intraday high of $3.223 shortly after 10:00AM. Lacking any significant changes through midday and the afternoon, and following a brief dip to the intraday low of $3.183 ahead of 2:30PM, May closed higher on Wednesday at $3.185.
The EIA Natural Gas Storage Report is due out at 10:30AM today. The report is expected to show a 45 BCF injection to storage for the week ended April 14th. This compares to a 7 BCF injection at this time last year and a five-year average injection amount of 35 BCF.
This morning in Globex, WTI Crude was up ten cents; Natural Gas was up one cent; Heating Oil up slightly; and, Gasoline was up one cent. Additionally, cash prices were higher in New York and New England.
Natural Gas Glossary
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