July 12, 2022
Monday, July 11
th saw the August NYMEX Natural Gas Futures Contract open at $6.563, fifty-three cents above Friday’s closing price of $6.034. Ascending to an intraday high of $6.689 by 9:15AM, the contract then began a choppy descent that would span the balance of the session. Crossing midday at $6.537, this latest rally was supported by short-term above average temperatures that will increase cooling demand. Marking the intraday low of $6.353 ahead of 2:30PM, August closed higher on Monday at $6.426.
As of 8:05AM EST this morning in Globex, WTI Crude was down $4.52; Natural Gas was up 31 cents; Heating Oil was down eight cents; and Gasoline was down 15 cents.
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