November 19, 2019
Monday, November 18
th saw the front-month NYMEX Natural Gas Futures Contract open at $2.588, roughly two cents above Friday’s closing price of $2.688. Dropping nearly 4% over the weekend, seasonal temperatures have pulled the rug out from under the most recent rally as production remains strong and short-term forecasts aren’t currently calling for extended periods of frigid conditions. Ascending into the morning hours, prices rose to an intraday high of $2.625 at 11:10AM only to dip below $2.600 once again before midday. Posting a steep sell off in the final thirty minutes of the day, December closed lower on Monday at $2.566.
As of 8:45AM EST this morning in Globex, WTI Crude was down 73 cents; Natural Gas was down four cents; Heating Oil was down two cents; and Gasoline was down one cent.
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