July NYMEX Natural Gas Futures Contracts Closed at $2.963 on Wednesday, June 13th

Wednesday, June 13th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.960, two cents above Tuesday’s closing price of $2.939.  Climbing to the $2.97 level near 9:30AM, yesterday’s session continued the recent trend of calm Wednesday trading ahead of today’s storage report.  Marking the intraday high of $2.979 at 11:20AM, the contract traded sideways through 1:00PM when it slipped below $2.960.  July closed higher on Wednesday at $2.963.

The EIA Natural Gas Storage Report is due out at 10:30AM today.  The report is expected to show a 91 BCF injection to storage for the week ended June 8th.  This compares to a 78 BCF injection at this time last year and a five-year average injection amount of 91 BCF.

This morning in Globex, WTI Crude was up 41 cents; Natural Gas was down one cent; Heating Oil was down one cent; and, Gasoline was down one cent.  
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