June NYMEX Natural Gas Futures Contract Closed at $1.919

Friday, May 1st saw the front-month NYMEX Natural Gas Futures Contract open at $1.919, three cents below Thursday’s closing price of $1.949.  Rallying to an intraday high of $1.964 at 9:40AM, selling soon took over and sent the contract tumbling lower into the morning.  Falling to an intraday low of $1.872 at midday, the natural gas market has faced continued volatility in the past weeks as production has slowed and uncertainties related to COVID-19 persist.  Trading along either side of $1.885 throughout the afternoon, June closed lower on Friday at $1.890.

As of 7:20AM EST this morning in Globex, WTI Crude was down 92 cents; Natural Gas was up six cents; Heating Oil was up slightly; and Gasoline was down one cent.

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