June NYMEX Natural Gas Futures Contract Closed at $2.575 on Tuesday, April 30th

Tuesday, April 30th saw the front-month NYMEX Natural Gas Futures Contract open at $2.594, nearly even to Monday’s closing price of $2.593.  Tallying an intraday high of $2.600 at 9:30AM, the contract then lost its footing and sank to the intraday low of $2.565 by 10:10AM.  Recovering to $2.595 ahead of midday, traders are currently weighing bullish forecasts against expectations for healthy storage injections in the coming month.  Posting a gradual decline into the afternoon, June closed lower on Tuesday at $2.575.

As of 8:45AM EST this morning in Globex, WTI Crude was down 45 cents; Natural Gas was up two cents; Heating Oil was unchanged; and Gasoline was up one cent. 
 
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