May NYMEX Natural Gas Futures Contract Closed at $1.650 on Tuesday, April 14th

Tuesday, April 14th saw the front-month NYMEX Natural Gas Futures Contract open at $1.694, three cents below Monday’s closing price of $1.724.  Following news of mild temperatures returning for much of the country, prices fell as low as $1.656 by 9:30AM.  Recovering in the subsequent hour, the contract rose to tally an intraday high of $1.701.  Fluctuating along either side of $1.680 into the afternoon, selling dominated to finish the day as we saw prices fall to an intraday low of $1.646 at 2:20PM.  May closed lower on Tuesday at $1.650.

As of 7:55AM EST this morning in Globex, WTI Crude was down 55 cents; Natural Gas was down three cents; Heating Oil was down two cents; and Gasoline was up one cent.

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