Monday, June 26th, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.982, roughly five cents above Friday’s closing price of $2.929. Emerging into the session with a confident climb over the $3.00 mark, the contract settled in along $3.010 and traded sideways through midday. With improved expectations of summer cooling demand from the latest forecasts, prices traded progressively higher into the afternoon. Tallying the intraday high of $3.030 ahead of 2:30PM, July closed higher on Monday at $3.027.
This morning in Globex, WTI Crude was up 52 cents; Natural Gas was up one cent; Heating Oil was up two cents; and, Gasoline was up two cents. Additionally, cash prices were lower in New York and New England.
Natural Gas Glossary
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