October 8, 2018
Friday, October 5
th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.196, three cents above Thursday’s closing price of $3.165. Climbing to the intraday high of $3.215 ten minutes after markets opened, prices quickly cascaded lower as forecasts showed above-average temperatures covering high demand locations in the coming week. Seesawing along $3.140 from 10:00AM through midday, the contract slipped to the intraday low of $3.109 by 1:10PM. Mounting a recovery effort to close out the day, November closed lower on the day at $3.143, but was up $0.135 on the week.
This morning in Globex, WTI Crude was down 95 cents; Natural Gas was up ten cents; Heating Oil was down two cents; and, Gasoline was down three cents.
Natural Gas Glossary
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