August NYMEX Natural Gas Futures Contracts Closed at $2.855 on Monday, July 2nd

Market Insights
Natural Gas
July 3, 2018
Monday, July 2nd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.879, more than four cents below Friday’s closing price of $2.924.  Stepping gradually lower as markets opened, prices fell to a five-week intraday low of $2.852 by 11:30AM.  Despite increased cooling demand and above-average temperatures covering the entire east coast, the contract seesawed along $2.855 for the balance of the day as August closed lower on Monday at $2.862.

The NYMEX will be closed tomorrow, July 4th in observance of the Independence Day holiday.
This morning in Globex, WTI Crude was up 81 cents; Natural Gas was unchanged; Heating Oil was up two cents; and, Gasoline was up two cents.  

Natural Gas Glossary
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