October 26, 2020
Friday, October 23
rd saw the front-month NYMEX Natural Gas Futures Contract open at $3.001, just below Thursday’s closing price $3.007. Peaking at an intraday high of $3.005 minutes after the opening bell, prices then trended lower to mark an intraday low of $2.957 at 10:10AM. Trading along either side of $2.970 for the balance of the day, as market fundamentals remain unchanged, the November contract closed lower on Friday at $2.971, up 7% on the week.
As of 8:40AM EST this morning in Globex, WTI Crude was down 95 cents; Natural Gas was up four cents; Heating Oil was down three cents; and Gasoline was down one cent.
New York and New England basis values were unchanged for all seasons. Additionally, cash prices were higher in New York and New England.
Natural Gas Glossary
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