January 2, 2019
Monday, December 31
st saw the front-month NYMEX Natural Gas Futures Contracts open at $3.128, nearly eighteen cents below Friday’s closing price of $3.303. Falling drastically on the last trading day of the year, the contract tested lows not seen since mid-September. Lacking fundamental support from short-term weather forecasts, prices gradually declined on Monday until marking an intraday low of $2.930 late in the day, as February closed lower at $2.940.
The EIA Storage Report for the week ended December 28
th, will be published on Friday, January 4
th.
This morning in Globex, WTI Crude was down 84 cents; Natural Gas was up one cent; Heating Oil was down one cent; and Gasoline was down two cents. Additionally, cash prices were higher in New York and lower in New England.
Natural Gas Glossary
Natural Gas Supplier
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