October 14, 2021
Wednesday, October 13th saw the front-month NYMEX Natural Gas Futures Contract open at $5.481, two cents below Tuesday’s closing price of $5.505. Losing ground early on as weather forecasts remain bearish for most of the country, prices slipped to an intraday low of $5.353 at 10:20AM. Posting a steady ascent that would span the balance of the day, the contract tallied an intraday high of $5.600 before closing higher on Wednesday at $5.590.
The EIA Natural Gas Storage Report is due out on Thursday at 10:30AM. The report is expected to show a 111 BCF injection to storage for the week ended October 8. This compares to a 46 BCF injection at this time last year and a five-year average injection amount of 79 BCF.
As of 6:10AM EST this morning in Globex, WTI Crude was up 85 cents; Natural Gas was up 12 cents; Heating Oil was up two cents; and Gasoline was up two cents.
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