August NYMEX Natural Gas Futures Contract Closed at $3.637 on Tuesday, July 6th

Tuesday, July 6th saw the front-month NYMEX Natural Gas Futures Contract open at $3.668, three cents below Friday’s closing price of $3.700.  Following a pre-session rally, where prices tested the $3.80 level, the contract declined until reaching an intraday low of $3.608 at 11:00AM.  As temperatures remain elevated for much of the country and tropical storm Elsa may prove to be a non-event, August traded along either side of $3.635 for the remainder of the day, closing lower at $3.637.

Please note the NYMEX trading floor was closed on Monday July 5, in observance of Independence Day.

As of 5:55AM EST this morning in Globex, WTI Crude was up $1.22; Natural Gas was up six cents; Heating Oil was up four cents; and Gasoline was up three cents.
 
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