Monday, June 15th saw the front-month NYMEX Natural Gas contract open at $3.096, $0.024 below Friday’s closing price of $3.120. Falling to an intraday low of $3.089 at 9:25AM, prices the rose to trade along $3.120 through midday as markets weighed lower demand and a possible Iran cease fire. Marking an intraday high of $3.154 at 2:00PM, July closed higher on Monday at $3.147.
The EIA Natural Gas Storage Report published last Thursday posted a 108 BCF injection to storage for the week ended June 5 – above the market estimate of 101BCF. Working gas in storage was reported as 2,686 BCF; 0.2% below this time last year and 6.0% above the five-year average.
As of 7:45AM this morning in Globex WTI Crude was down $2.310; Natural Gas was up $0.038; Heating Oil was down $0.078; and Gasoline was down $0.031.
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