May NYMEX Natural Gas MarketWatch 04.08.20

Tuesday, April 7th saw the front-month NYMEX Natural Gas Futures Contract open at $1.798, nearly seven cents above Monday’s closing price of $1.731.  Slipping to an intraday low of $1.785 out of the gate, prices then mounted a staggered ascent that would span into the afternoon.  Crossing midday at $1.818, the contract trended higher once again as below average temperatures cover much of the country and production has slowed.  Peaking at a three-week intraday high of $1.860 at 1:10PM, May closed higher on Tuesday at $1.852.

As of 7:50AM EST this morning in Globex, WTI Crude was up 82 cents; Natural Gas was up three cents; Heating Oil was up slightly; and Gasoline was down slightly.

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