Natural Gas Storage Report: Latest Insights and Data

Friday, June 20^th saw the front-month NYMEX Natural Gas contract open at $4.018, $0.029 above Wednesday’s closing price of $3.989. Recording the intraday high of $4.036 by 9:15AM, prices then trended lower as profit-taking took hold and traders looked past the current heatwave. Crossing midday at $3.890, the contract fell to the intraday low of $3.818 at 2:15PM. July closed lower on Friday at $3.847.

Markets were closed Thursday (6/19) in observation of the Juneteenth holiday.

The EIA Natural Gas Storage Report published last Wednesday posted a 95 BCF injection to storage for the week ended June 12 – in line with the market estimate of a 94 BCF injection. Total working gas in storage was reported as 2,802 BCF; 7.7% below this time last year and 6.1% above the five-year average.

As of 8:55AM this morning in Globex, WTI Crude was down $0.180; Natural Gas was down $0.022; Heating Oil was down $0.019; and Gasoline was down $0.008.

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