May 18, 2021
Monday, May 17
th saw the front-month NYMEX Natural Gas Futures Contract open at $3.074, eleven cents above Friday’s closing price of $2.961. Climbing from the intraday low as markets opened, prices rose steadily to reach $3.145 by 10:30AM. Fueled by an expected increase in cooling demand due to above average temperatures, and some traders possibly being caught in a short-squeeze, the contract tallied a three-month intraday high of $3.150 at 1:00PM. June closed higher on Monday at $3.109.
As of 6:10AM EST this morning in Globex, WTI Crude was up 29 cents; Natural Gas was down two cents; Heating Oil was up one cent; and Gasoline was up two cents.
Natural Gas Glossary
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