Friday, July 14th, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.953, a penny below Thursday’s closing price of $2.961. Building from the intraday low of $2.952 early on to reach the intraday high of $3.000 by 10:10AM, growth was supported by continued expectations of high demand in the coming weeks. Sinking below $2.970 in the following thirty minutes, the contract then narrowed its sights to seesaw along $2.985 through the afternoon. Finishing higher on Friday, August closed at $2.980.
This morning in Globex, WTI Crude was down ten cents; Natural Gas was up four cents; Heating Oil was down slightly; and, Gasoline was down slightly. Additionally, cash prices were lower in New York and higher in New England.
Natural Gas Glossary
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