November NYMEX Natural Gas Futures Contracts Closed at $3.161 on Friday, October 12th

Market Insights
Natural Gas
Basis
NYMEX
October 15, 2018
Friday, October 12th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.232, a penny above Thursday’s closing price of $3.222.  Extending to the intraday high of $3.237 as markets opened, sellers soon entered the market and drove the contract to the intraday low of $3.138 by 10:10AM.  Despite bullish temperatures entering the northeast late next week, a midday ascent to the $3.20 mark ultimately subsided as November closed lower on Friday at $3.161.

This morning in Globex, WTI Crude was up 48 cents; Natural Gas was up 10 cents; Heating Oil was up one cent; and, Gasoline was up one cent.  
 
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