Monday, May 14th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.813, nearly a penny above Friday’s closing price of $2.806. Slipping to the intraday low of $2.798 by 9:20AM, the contract soon regained its footing to reach $2.830 twenty minutes later and continued to a three-month intraday high of $2.847 ahead of midday. Supported by expectations of above-average cooling demand for much of the country in the latest short-term forecasts, June closed higher on Monday at $2.842.
This morning in Globex, WTI Crude was up 69 cents; Natural Gas was up one cent; Heating Oil was up one cent; and, Gasoline was up one cent.
Natural Gas Glossary
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