May NYMEX Natural Gas Futures Contract Closed at $2.273 on Monday, April 24th

Market Insights
Natural Gas
April 25, 2023
Monday, April 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.198, three cents below Friday’s closing price of $2.233. Tallying the intraday low of $2.193 by 9:30AM, prices mounted a staggered ascent that would bump up against the $2.280 level multiple times throughout the day. With May’s settlement looming closer, the contract marked an intraday high of $2.286 at 1:45PM, ultimately closing higher on Monday at $2.273.

Set to assume the front-month positions come Thursday, June opened two cents lower at $2.382. Posting a similar ascent as its predecessor, prices peaked at an intraday high of $2.484 at 1:45PM. June closed higher on Monday at $2.471.

As of 6:45AM EST this morning in Globex, WTI Crude was down 43 cents; Natural Gas was down five cents; Heating Oil was down one cent; and Gasoline was up slightly.
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