Natural Gas Market Note | 04.15.2026
Futures little changed ahead of tomorrow's storage data.
NYMEX natural gas prices were little changed on Wednesday, with the forward curve edging marginally higher. The prompt-month May 2026 contract added a penny to end the day at $2.61 per MMBtu. Those modest gains were reflective of price movement across the curve, as another light-volatility trading day yielded only marginal advances.
Tomorrow’s EIA storage report is expected to show a similar build to the previous week. The Wall Street Journal survey of analysts showed a consensus view for a 51-Bcf build, with responses ranging from 33- to 69-Bcf additions. The consensus build would increase the surplus to the five-year average from 87 to 100 Bcf.
Storage injections are likely to ramp up further starting with next week’s report, which covers the week ending Friday, April 17. Inventories are likely to grow at a healthy rate through at least the end of April due to tepid weather-related demand across most of the country.
An archive of Daily Natural Gas Market Notes can be found here.