August NYMEX Natural Gas Futures Contract Closed at $2.418 on Friday, July 5th

Friday, July 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.343, five cents above Wednesday’s closing price of $2.290.  Ascending from the intraday low as markets opened, the contract surged higher into the morning to tally a five-week intraday high of $2.445 at 11:30AM.  Supported by short covering and hopes for increased demand toward the end of summer, prices fluctuated within a five-cent range through the afternoon.  August closed higher on Friday at $2.418.

As of 8:50AM EST this morning in Globex, WTI Crude was down six cents; Natural Gas was up one cent; Heating Oil was unchanged; and Gasoline was down one cent. 

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