June NYMEX Natural Gas Futures Contract Closed at $2.673 on Monday, May 20th

Monday, May 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.686, more than three cents above Friday’s closing price of $2.631.  Building upon Friday’s weather-induced ascent, prices rose to a five-week intraday high of $2.700 by 11:00AM.  Slipping lower in the following thirty minutes to mark an intraday low of $2.661, the contract found support near $2.670 and traded sideways for the balance of the day.  With continued support from both heating and cooling demand in different parts of the country, June closed higher on Monday at $2.673.

As of 8:50AM EST this morning in Globex, WTI Crude was up 26 cents; Natural Gas was down three cents; Heating Oil was unchanged; and Gasoline was up slightly. 
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