May 20, 2020
Tuesday, May 19
th saw the front-month NYMEX Natural Gas Futures Contract open at $1.837, five cents above Monday’s closing price of $1.783. Volatile trading took hold throughout the morning, balancing along $1.830 before ultimately slipping to an intraday low of $1.800 at 11:30AM. Following through on Monday’s rally, prices rose to an intraday high of $1.857 at 2:20PM, as traders weigh a decline in production against expectations for increased demand as the country starts to reopen. The June contract closed higher on Tuesday at $1.830.
As of 8:05AM EST this morning in Globex, WTI Crude was up 62 cents; Natural Gas was up two cents; Heating Oil was up three cents; and Gasoline was up two cents.
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