Monday, May 2nd saw the June NYMEX Natural Gas Futures Contract open at $7.369, thirteen cents above Friday’s closing price of $7.244. Marking the intraday low of $7.301 early on, prices rose steadily throughout the day. Continued bullish sentiment can be attributed to supply concerns pertaining to continued heavy LNG demand and production disruptions, maintenance, and weather. Marking the intraday high of $7.520 at 11:40AM, June closed higher on Monday at $7.475.
As of 6:30AM EST this morning in Globex, WTI Crude was down 75 cents; Natural Gas was up 33 cents; Heating Oil was down one cent; and Gasoline was down five cents.
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