August NYMEX Natural Gas Futures Contract Closed at $2.453 on Friday, July 12th

Friday July 12th saw the front-month NYMEX Natural Gas Futures Contract open at 2.458, four cents above Thursday’s closing price of $2.416.  Recovering from Thursday’s storage-induced selloff, as the injection came in on the high side of expectations, prices rose to an intraday high of $2.481 by 9:40AM.  Fluctuating within a two-cent range of $2.460 for the balance of the day, traders were assessing the effects high-demand forecasts and the impact of hurricane Barry on short-term demand.  August closed higher on Friday at $2.453.

As of 8:55AM EST this morning in Globex, WTI Crude was up 23 cents; Natural Gas was down four cents; Heating Oil was down one cent; and Gasoline was down three cents. 

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