June 28, 2018
On Wednesday, June 27
th – settlement day for the July Contract — the front-month NYMEX Natural Gas Futures Contracts opened at $2.999, six cents above Tuesday’s closing price of $2.939. In a relatively quiet trading day, prices fluctuated within a near five-cent range. Moving between a low of $2.961 at midday and an intraday high of $3.007 ahead of 2:30PM, the July contract settled higher on Wednesday at $2.996. Posting similar gains backed by bullish weather forecasts, the more heavily traded August contract closed five cents higher at $2.981.
The EIA Natural Gas Storage Report is due out at 10:30AM today. The report is expected to show a 68 BCF injection to storage for the week ended June 22
nd. This compares to a 46 BCF injection at this time last year and a five-year average injection amount of 72 BCF.
This morning in Globex, WTI Crude was down 21 cents; Natural Gas was up two cents; Heating Oil was down one cent; and, Gasoline was down one cent.
Natural Gas Glossary
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