August NYMEX Natural Gas Futures Contract Closed at $1.805 on Friday, July 10th

Friday, July 10th saw the front-month NYMEX Natural Gas Futures Contract open at $1.802, two cents above Thursday’s closing price of $1.779.  Marking an intraday low of $1.788 by 9:10AM, traders weigh the impacts of peak summer cooling demand and short covering against the threat of reduced demand as COVID-19 cases surge in certain regions of the country.  Trading sideways near $1.825 through 1:30PM, the contract closed higher on Friday at $1.805.

As of 8:05AM EST this morning in Globex, WTI Crude was down 42 cents; Natural Gas was down four cents; Heating Oil was down two cents; and Gasoline was down two cents.

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