August NYMEX Natural Gas Futures Contract Closed at $2.116 on Monday, July 29th

On Monday, July 29th – settlement day for the August contract – the front-month NYMEX Natural Gas Futures Contract open at $2.162, slightly below Friday’s closing price of $2.169.  Tallying an intraday high of $2.166 soon after markets opened, prices retreated below the $2.150 psychological level and fell to a fresh three-year intraday low of $2.120 by 10:20AM.  Recovering modestly into the afternoon, August settled lower on Monday at $2.141.  The more heavily traded September contract followed a similar path as production remains strong and forecasts failed to rally the bulls.  September closed lower on Monday at $2.116.

As of 8:45AM EST this morning in Globex, WTI Crude was up 40 cents; Natural Gas was up one cent; Heating Oil was up two cents; and Gasoline was up two cent. 
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