July NYMEX Natural Gas Futures Contracts Closed at $2.945 on Friday, June 22nd

Friday, June 22nd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.955, two cents below Thursday’s closing price of $2.975.  Experiencing volatility right out of the gate as traders continued weighing Thursday’s above average storage injection against historically low inventory levels and bullish weather forecasts, the contract quickly fell to $2.935 before retaking the $2.96 mark ahead of 10:30AM.  Losing ground heading into the afternoon to tally the intraday low of $2.926 by 1:10PM, July proceeded to close lower on Friday at $2.945.

This morning in Globex, WTI Crude was up 49 cents; Natural Gas was down three cents; Heating Oil was down two cents; and, Gasoline was down two cents.  

Natural Gas Glossary
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