April 14, 2020
Monday, April 13
th saw the front-month NYMEX Natural Gas Futures Contract open at $1.805, seven cents above Thursday’s closing price of $1.733. Following a long weekend, as markets were closed Friday in observance of Good Friday, prices tallied an intraday high of $1.808 soon after the opening bell before trending lower. With expectations that prices could rise following news of an OPEC deal that will cut oil production, the contract faded as the morning drew on to cross midday at $1.712. Trading along either side of $1.705 for the majority of the afternoon, May closed lower on Monday at $1.724.
As of 7:35AM EST this morning in Globex, WTI Crude was down 49 cents; Natural Gas was down two cents; Heating Oil was down one cent; and Gasoline was up two cents.
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