Wednesday, April 26
th saw the front-month NYMEX Natural Gas Futures Contract open at $2.215, nine cents below Tuesday’s closing price of $2.307. Retreating throughout the day, May settled lower on Wednesday at $2.117.
The more actively traded June contract opened at $2.347, nine cents below Tuesday’s closing price of $2.437. Tallying the intraday high of $2.349, prices spent the day fluctuating along the $2.290 level as weather models remained unchanged. Recording the intraday low of $2.274 at 12:45PM, June closed lower on Wednesday at $2.305.
The EIA Natural Gas Storage Report is due out on Thursday at 10:30AM. The report is expected to show a 78 BCF injection to storage for the week ended April 21. This compares to a 40 BCF injection at this time last year and a five-year average injection amount of 43 BCF.
As of 7:00AM EST this morning in Globex, WTI Crude was unchanged; Natural Gas was down one cent; Heating Oil was up slightly; and Gasoline was up slightly.
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