Friday, June 16th, saw the front-month NYMEX Natural Gas Futures Contracts open at $3.053, just below Thursday’s closing price of $3.056. Stepping higher out of the gate to reach the intraday high of $3.064, prices then swung downward to find the intraday low of $3.027 by 9:30AM. Climbing gradually higher to just shy of the $3.06 mark an hour later, the contract then posted a steady decline to fall below $3.040 to finish out the day. Weighing mixed market fundamentals, July closed lower on Friday at $3.037.
This morning in Globex, WTI Crude was up 13 cents; Natural Gas was down 14 cents; and, Heating Oil and Gasoline were up slightly. Additionally, cash prices were higher in New York and New England.
Natural Gas Glossary
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