August 2, 2021
Friday, July 30
th saw the front-month NYMEX Natural Gas Futures Contract open at $3.942, nearly twelve cents below Thursday’s closing price of $4.059. Marking the intraday high of $3.952 within minutes of 9:00AM, the contract then withdrew to mark an intraday low of $3.855 at 10:50AM. Recovering into the afternoon as fundamentals remain bullish, September closed lower on Friday at $3.914.
The EIA Natural Gas Storage Report published on Thursday showed a 36 BCF injection to storage for the week ended July 23
rd – below the market estimate of 47 BCF. Total working gas in storage was reported as 2,714 BCF; 16.2% below this time last year and 5.8% below the five-year average.
As of 6:30AM EST this morning in Globex, WTI Crude was down $1.12; Natural Gas was up eight cents; Heating Oil was down two cents; and Gasoline was down three cents.
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