July NYMEX Natural Gas Futures Contract Closed at $3.104 in Tuesday, June 1st

Tuesday, June 1st saw the front-month NYMEX Natural Gas Futures Contract open at $3.068, eight cents above Friday’s closing price of $2.986.  Tallying the intraday low of $3.064 early on, prices jumped past the $3.100 level and ascended to a more than three month intraday high $3.150 by 10:10AM.  Pulling back from this rally, the contract traded along either side of $3.110 for the balance of the day as forecasts for above average temperatures have held steady.  July closed higher on Tuesday at $3.104.

As of 6:30AM EST this morning in Globex, WTI Crude was up 69 cents; Natural Gas was down two cents; Heating Oil was up two cents; and Gasoline was up three cents.

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