Monday, July 24th, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.947, two cents below Friday’s closing price of $2.970. Losing two cents as markets opened, a staggered ascent to the intraday high of $2.955 by 9:50AM was dampened by cooler forecasts covering much of the northeast. Trailing downward to cross midday near the $2.90 level, prices stabilized until 1:00PM as the contract retreated further. Recording to a two-week intraday low of $2.880 at 2:10PM, August closed lower on Monday at $2.899.
This morning in Globex, WTI Crude was up 78 cents; Natural Gas was up four cents; Heating Oil was up two cents; and, Gasoline was up one cent. Additionally, cash prices were lower in New York and New England.
Natural Gas Glossary
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