September 8, 2020
Friday, September 4
th saw the front-month NYMEX Natural Gas Futures Contract open at $2.509, two cents above Thursday’s closing price of $2.487. Falling to an intraday low of $2.431 by 10:10AM, markets are balancing the coming lull in cooling demand and low LNG exports against the coming winter months. Ramping back up into the afternoon, buying took hold as the contract rose to an intraday high of $2.601 at 2:00PM. October closed higher on Friday at $2.588.
As of 8:30AM EST this morning in Globex, WTI Crude was down $2.16; Natural Gas was down three cents; Heating Oil was down seven cents; and Gasoline was down five cents.
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