June 1, 2021
Friday, May 28
th saw the front-month NYMEX Natural Gas Futures Contract open at $3.016, six cents above Thursday’s closing price of $2.958. Achieving an intraday high of $3.036 within minutes of the opening bell, the contract then began a steady descent that would span the duration of the session. Following the previous day’s bearish storage injection, expected increased cooling demand and steady LNG demand provided support. July closed higher on Friday at $2.986.
As of 6:20AM EST this morning in Globex, WTI Crude was up $1.80; Natural Gas was up ten cents; Heating Oil was up six cents; and Gasoline was up four cents.
Natural Gas Glossary
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