Monday, May 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.611, slightly below Friday’s closing price of $2.619. Ascending confidently out of the gate yesterday morning, prices rose to a one-month intraday high of $2.653 by 9:40AM as bullish traders took advantage of unseasonably cool temperatures. Withdrawing to trade along $2.625 for the balance of the day, June closed nearly flat on Monday at $2.621.
As of 8:50 EST this morning in Globex, WTI Crude was up 55 cents; Natural Gas was up four cents; Heating Oil was up one cent; and Gasoline was up two cents.
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