August 10, 2020
Friday, August 7
th saw the front-month NYMEX Natural Gas Futures Contract open at $2.191, three cents above Thursday’s closing price of $2.165. Seeking direction early on as the contract traded within three cents of $2.210 for most of the morning, prices fell to an intraday low of $2.175 ahead of midday. Recovering into the afternoon as rig counts continue to decline, the contract rose to an intraday high of $2.254 at 1:40PM. The September contract closed higher on Friday at $2.238, nearly 25% higher on the week.
As of 7:00AM EST this morning in Globex, WTI Crude was up 57 cents; Natural Gas was up two cents; Heating Oil was up one cent; and Gasoline was up one cent.
Natural Gas Glossary
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