October 30, 2018
On Monday, October 29
th – settlement day for the November contract – the front-month NYMEX Natural Gas Futures Contracts opened at $3.154, three cents below Friday’s closing price of $3.185. Facing downward pressure due to mild forecasts through early November, prices moved lower overnight and tallied a four-week intraday low of $3.100 by 9:40AM. Recovering over the balance of the day in an effort to reclaim the $3.20 mark, November reached the intraday high of $3.199 on Monday before settling at $3.185. Facing similar volatility, the December contract closed lower at $3.198.
This morning in Globex, WTI Crude was down 73 cents; Natural Gas was up four cents; Heating Oil was down three cents; and, Gasoline was down one cent. Additionally, cash prices were higher in New York and New England.
Natural Gas Glossary
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