June 10, 2020
Tuesday, June 9
th saw the front-month NYMEX Natural Gas Futures Contract open at $1.779, a penny below Monday’s closing price of $1.789. In an uneventful day of trading, prices rose to an intraday high of $1.789 by 10:20AM and fell to an intraday low of $1.756 two hours later. Trading within a tight band near this mark to finish out the day, momentum is currently bearish after a tropical storm in the Gulf proved uneventful in regards to production. July closed lower on Tuesday at $1.767.
As of 7:10AM EST this morning in Globex, WTI Crude was down $1.03; Natural Gas was down four cents; Heating Oil was down one cent; and Gasoline was down one cent.
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