August 12, 2020
Tuesday, August 11
th saw the front-month NYMEX Natural Gas Futures Contract open at $2.163, a penny above Monday’s closing price of $2.153. Ascending to an intraday high of $2.201 shortly after 9:30AM, the contract traded within a tight band near $2.180 for the majority of the day. Feeble LNG exports have kept a lid on any additional gains despite persistent above average temperatures, as September closed higher on Tuesday at $2.171.
As of 7:45AM EST this morning in Globex, WTI Crude was up 57 cents; Natural Gas was down four cents; Heating Oil was up one cent; and Gasoline was up two cents.
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