August 5, 2020
Tuesday, August 4
th saw the front-month NYMEX Natural Gas Futures Contract open at $2.073, three cents below Monday’s closing price of $2.101. Climbing from an intraday low of $2.066, the current rally is underpinned by weather forecasts calling for extended heat in August. Additional support is being provided by an expected pickup in LNG exports. Ascending to a seven-month intraday high of $2.198 at midday, the September contract closed higher on Tuesday at $2.193.
As of 6:35AM EST this morning in Globex, WTI Crude was $1.07; Natural Gas was up five cents; Heating Oil was up two cents; and Gasoline was up three cents.
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