September 27, 2022
Monday, September 26
th saw the October NYMEX Natural Gas Futures Contract open at $6.706, twelve cents below Friday’s closing price of $6.828. Slipping to a two-month intraday low of $6.526 by 9:35AM, the contract then mounted a gradual recovery. Following last week’s selloff, traders focused on the threat of storm-led disruption to production over low-demand temperatures and healthy week-over-week production. Reaching an intraday high of $6.970 at 2:15PM, October closed higher on Monday at $6.903.
The November contract closed two cents higher at $7.014.
As of 7:30AM EST this morning in Globex, WTI Crude was up 95 cents; Natural Gas was up 17 cents; Heating Oil was up eight cents; and Gasoline was up five cents.
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