May 31, 2023
Tuesday, May 30
th saw the front-month NYMEX Natural Gas Futures Contract open at $2.323, nine cents below Friday’s closing price of $2.417. Following the long holiday weekend, prices peaked at the intraday high of $2.340 at 9:15AM as short-term weather forecasts remained bearish. Drifting gradually lower throughout the day to record the intraday high of $2.257 at 1:30PM, a late rally saw July stave off additional losses, closing lower on Tuesday at $2.327.
As of 6:30AM EST this morning in Globex, WTI Crude was down $1.86; Natural Gas was down three cents; Heating Oil was down three cents; and Gasoline was down four cents.
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