September NYMEX Natural Gas Futures Contract Closed at $7.706 on Tuesday, August 2nd

Market Insights
Natural Gas
August 3, 2022
Tuesday, August 2nd saw the September NYMEX Natural Gas Futures Contract open at $7.960, thirty-two cents below Monday’s closing price of $8.283. Losing ground overnight, updated forecasting models had shed notable expected cooling demand by mid-month, putting an end to the seemingly never-ending heat wave. Marking the intraday high of $7.975 moments after the opening bell, prices fell to the intraday low of $7.671 ahead of 10:00AM. Trading largely sideways for the balance of the day, September closed lower on Tuesday at $7.706.

As of 6:55AM EST this morning in Globex, WTI Crude was down 87 cents; Natural Gas was up 13 cents; Heating Oil was up five cents; and Gasoline was up one cent.

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