September NYMEX Natural Gas Futures Contracts Closed at $2.853 on Friday, August 3rd

Friday, August 3rd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.842, nearly three cents above Thursday’s closing price of $2.816.  Riding Thursday’s storage induced wave of buying, traders seemed to be focusing on the above-average temperatures that will cover most of the country in the next two weeks rather than steady production levels.  Driving prices upward to trade near $2.855 by 10:30AM, the contract stabilized near this mark for the balance of the day.  Reaching a four-week intraday high of $2.862 at 2:00PM, September closed higher on Friday at $2.853.

This morning in Globex, WTI Crude was up 70 cents; Natural Gas was down three cents; Heating Oil was up two cents; and, Gasoline was up slightly.
Natural Gas Glossary
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