July 8, 2021
Wednesday, July 7
th saw the front-month NYMEX Natural Gas Futures Contract open at $3.618, two cents below Tuesday’s closing price of $3.637. Marking an intraday high of $3.640 as markets opened, prices soon trended lower, marking an intraday low of $3.520 at 10:30AM. Climbing into the afternoon, August closed lower on Wednesday at $3.596.
The EIA Natural Gas Storage Report is due out on Thursday at 10:30AM. The report is expected to show a 57 BCF injection to storage for the week ended July 2
nd. This compares to a 56 BCF injection at this time last year and a five-year average injection amount of 63 BCF.
As of 6:25AM EST this morning in Globex, WTI Crude was down 80 cents; Natural Gas was down three cents; Heating Oil was down two cents; and Gasoline was down one cent.
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