October 21, 2020
Tuesday, October 20
th saw the front-month NYMEX Natural Gas Futures Contract open at $2.900, eleven cents below Monday’s closing price $2.795. Ascending to a 21-month intraday high of $2.950 at 9:40AM, below average temperatures in much of the U.S. and increased LNG exports have supported the latest rally. Trading along either side of $2.930 through midday, the contract fell to an intraday low of $2.885 at 1:10PM only to recover soon thereafter. The November contract closed higher on Tuesday at $2.913.
As of 6:30AM EST this morning in Globex, WTI Crude was down 54 cents; Natural Gas was up five cents; Heating Oil was down one cent; and Gasoline was down one cent.
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