November 24, 2021
Tuesday, November 23
rd – saw the front-month NYMEX Natural Gas Futures Contract open at $4.929, fourteen cents below Monday’s closing price of $4.789. Trading along either side of $4.970 through 10:30AM, prices gradually rose to tally an intraday high of $5.082 at 12:10PM. December closed higher on Tuesday at $4.967.
The EIA Natural Gas Storage Report is due out on Wednesday at 12:00PM. The report is expected to show a 20 BCF injection to storage for the week ended November 19. This compares to an 31 BCF withdrawal this time last year and a five-year average withdrawal amount of 44 BCF.
As of 8:00AM EST this morning in Globex, WTI Crude was down 12 cents; Natural Gas was up one cent; Heating Oil was down slightly; and Gasoline was down two cents.
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