July 15, 2019
Friday July 12
th saw the front-month NYMEX Natural Gas Futures Contract open at 2.458, four cents above Thursday’s closing price of $2.416. Recovering from Thursday’s storage-induced selloff, as the injection came in on the high side of expectations, prices rose to an intraday high of $2.481 by 9:40AM. Fluctuating within a two-cent range of $2.460 for the balance of the day, traders were assessing the effects high-demand forecasts and the impact of hurricane Barry on short-term demand. August closed higher on Friday at $2.453.
As of 8:55AM EST this morning in Globex, WTI Crude was up 23 cents; Natural Gas was down four cents; Heating Oil was down one cent; and Gasoline was down three cents.
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