September 6, 2018
Wednesday, September 5
th saw the front-month NYMEX Natural Gas Futures open at $2.836, a penny above Tuesday’s closing price of $2.823. Despite pre-market trading that lifted the contract above $2.84, prices descended gradually through the day as steady production has traders overlooking historically low inventory levels. Crossing midday near the $2.82 level, October fell to the intraday low of $2.786 at 1:20PM and closed lower on Wednesday at $2.795.
The EIA Natural Gas Storage Report is due out at 10:30AM today. The report is expected to show a 64 BCF injection to storage for the week ended August 31
st. This compares to a 65 BCF injection at this time last year and a five-year average injection amount of 65 BCF.
This morning in Globex, WTI Crude was up 19 cents; Natural Gas was unchanged; Heating Oil was up one cent; and, Gasoline was up one cent.
Natural Gas Glossary
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