The August 2017 NYMEX natural gas futures contract opened at $3.082/dth and traded between $3.103 and $3.062. It ended the day 2.2 cents lower, settling at $3.066/dth. Market analysts predict an injection of approximately 31 Bcf into US natural gas storage inventory for the week ended 7/14/17. A build at this level would be slightly lower than last year's injection of 38 Bcf and lower than the 5 year average of 59 Bcf. The EIA will release its weekly natural gas storage report today at 10:30 AM. The August 2017 crude oil contract ended the day at $47.12, up 72 cents/barrel. Above average temperatures are forecast for much of the country during the 5 day range. The western half of the country is expected to remain warmer than normal through the 15 day outlook.
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