May 4, 2020
Friday, May 1
st saw the front-month NYMEX Natural Gas Futures Contract open at $1.919, three cents below Thursday’s closing price of $1.949. Rallying to an intraday high of $1.964 at 9:40AM, selling soon took over and sent the contract tumbling lower into the morning. Falling to an intraday low of $1.872 at midday, the natural gas market has faced continued volatility in the past weeks as production has slowed and uncertainties related to COVID-19 persist. Trading along either side of $1.885 throughout the afternoon, June closed lower on Friday at $1.890.
As of 7:20AM EST this morning in Globex, WTI Crude was down 92 cents; Natural Gas was up six cents; Heating Oil was up slightly; and Gasoline was down one cent.
Natural Gas Glossary
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