July NYMEX Natural Gas Futures Contracts Closed at $2.964 on Wednesday, June 20th

Wednesday, June 20th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.936, nearly four cents above Tuesday’s closing price of $2.900.  Turning upward with a renewed possibility of above-average temperatures late next week, prices rose steadily as markets opened to reach the $2.96 mark by 10:00AM.  Seesawing along this level for the balance of the day, following a brief jump to the intraday high of $2.969, July closed higher on Wednesday at $2.964.

The EIA Natural Gas Storage Report is due out at 10:30AM today.  The report is expected to show an 84 BCF injection to storage for the week ended June 15th.  This compares to a 61 BCF injection at this time last year and a five-year average injection amount of 83 BCF.

This morning in Globex, WTI Crude was down 70 cents; Natural Gas was up three cents; Heating Oil was down two cents; and, Gasoline was down one cent.  

Natural Gas Glossary
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