September 30, 2020
Tuesday, September 29
th saw the front-month NYMEX Natural Gas Futures Contract open at $2.664, thirteen cents below Monday’s closing price of $2.795. Marking the intraday high as markets opened, the pre-session freefall persisted until midday when prices reached $2.535 at 11:50AM. Finding the intraday low of $2.531 nearly two hours later, bearish forecasts have limited heating demand for the time being. The November contract closed lower on Tuesday at $2.561.
As of 8:55AM EST this morning in Globex, WTI Crude was down eight cents; Natural Gas was down nine cents; Heating Oil was unchanged; and Gasoline was down two cents.
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