All articles tagged with #futures contract
The U.S. Energy Information Administration (EIA) reported a storage injection of 76 Bcf for natural gas, which was lower than expected and triggered a price rally. The August Nymex gas futures contract initially traded slightly lower but jumped more than 5 cents after the EIA report. However, some of those gains were erased later in the day.
The lumber-futures contract, which saw a surge in demand and prices during the Covid-19 pandemic, has been discontinued due to lack of trading activity. The contract, which allowed buyers to purchase lumber at a set price for delivery at a future date, faced market volatility and a decline in demand as the pandemic waned.
Gold prices hit their highest level of the year, driven by investors' bets that inflation will remain high despite recent declines. The most actively traded gold-futures contract rose to $2,055.30 a troy ounce, up 13% year to date, putting it within striking distance of its record high reached in the summer of 2020.