July 15, 2021
Wednesday, July 14
th saw the front-month NYMEX Natural Gas Futures Contract open at an intraday high of $3.755, six cents above Friday’s closing price of $3.696. After open, prices fell steadily until bottoming out at their intraday low of $3.624 at 1:10PM. After a quick bounce in the afternoon, prices closed out the day at $3.660.
The EIA Natural Gas Storage Report is due out on Thursday at 10:30AM. The report is expected to show a 50 BCF injection to storage for the week ended July 9
th . This compares to a 46 BCF injection at this time last year and a five-year average injection amount of 54 BCF.
As of 9:05AM EST this morning in Globex, WTI Crude was down one dollar and three cents; Natural Gas was down three cents; Heating Oil was down three cents; and Gasoline was down three cents.
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