December NYMEX Natural Gas Futures Contract Closed at $2.688 on Friday, November 15th

Market Insights
Natural Gas
Basis
NYMEX
November 18, 2019
Friday, November 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.671, roughly two cents above Thursday’s closing price of $2.647.  Descending into the session’s opening hour to record an intraday low of $2.629 ahead of 10:00AM, prices soon reversed direction and rose into the morning.  Peaking at an intraday high of $2.724 at 12:30PM, the December contract closed higher on Friday at $2.688, down ten cents on the week.

As of 8:50AM EST this morning in Globex, WTI Crude was down 43 cents; Natural Gas was down nine cents; Heating Oil was down two cents; and Gasoline was down two cents. 

 
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