November 13, 2018
Monday, November 12
th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.833, roughly eleven cents above Friday’s closing price of $3.719. Spurred on by increasingly cold forecasts to cover key demand parts of the country over the next two weeks, prices tallied the highest intraday mark since December of 2016 ($3.834) within minutes of opening. Experiencing volatility throughout the morning as traders gauged the unseasonably cold weather expectations, the contract dropped ten cents shortly after midday to mark the intraday low of $3.735. Bouncing back over the balance of the day, December closed higher on Monday at $3.788.
This morning in Globex, WTI Crude was down $1.08; Natural Gas was up 24 cents; Heating Oil was down two cents; and Gasoline was down three cents.
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