May NYMEX Natural Gas Futures Contracts Closed at $2.781 on Tuesday, April 24th

Tuesday, April 24th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.745, slightly above Monday’s closing price of $2.740.  Defying bearish market fundamentals, prices crept gradually higher through the day primarily due to short covering ahead of Thursday’s settlement.  Crossing midday near $2.770, the contract rose to the intraday high of $2.783 ahead of 2:30PM as May closed higher on Tuesday at $2.781.

This morning in Globex, WTI Crude was down 12 cents; Natural Gas was up one cent; Heating Oil was down slightly; and, Gasoline was down one cent.  
Natural Gas Glossary
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