July NYMEX Natural Gas Futures Contract Closed at $6.808 on Tuesday, June 21st

Market Insights
Natural Gas
June 22, 2022
Tuesday, June 21st saw the July NYMEX Natural Gas Futures Contract open at $6.691, twenty-five cents below Friday’s closing price of $6.944. Slipping to an intraday low of $6.652 at 9:45AM, prices then mounted a staggered ascent that would last until peaking at the intraday high of $6.976 at midday. The weather-induced morning selloff was recovered in part thanks to technical trading. July closed lower on Tuesday at $6.808.

The NYMEX Trading Floor was closed on Monday in observance of Juneteenth.

The EIA Natural Gas Storage Report is due out on Thursday at 10:30AM. The report is expected to show a 56 BCF injection to storage for the week ended June 17. This compares to a 55 BCF injection at this time last year and a five-year average injection amount of 82 BCF.

As of 6:50AM EST this morning in Globex, WTI Crude was down $4.75; Natural Gas was down seven cents; Heating Oil was down five cents; and Gasoline was down seven cents.
Natural Gas Glossary
Natural Gas Supplier
For access to Sprague’s full Natural Gas Market Watch Report including commentary not posted here, please send your request to natgas@spragueenergy.com or call 1-855-466-2842.