NYMEX natural gas settled lower on the week, with contracts out through 2028 all falling relative to last Friday’s settlement. Futures for near-term delivery were lower on the day, while Summer 2027 and Winter 2027/28 ended the day slightly higher. All told, the week was fairly quiet with the June 2026 prompt-month contract registering the narrowest weekly trading range of the last three weeks.
Futures started the day on a stronger note but began to lose steam shortly after the traditional pit session open at 9:00am Eastern and continued to trend lower throughout the day. From a demand perspective, the market is now focused squarely on potential cooling demand as the 6-10 and 11-15 day temperature outlooks have shifted to an above-normal temperature pattern.
An archive of Daily Natural Gas Market Notes can be found here.