September 4, 2019
Tuesday, September 3
rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.300, nearly two cents above Friday’s closing price of $2.285. Ascending from an intraday low of $2.297 soon after 9:00AM, prices were quick to jump above $2.350 in the following thirty minutes. Likely supported by technical trading as Hurricane Dorian is no longer a threat to natural gas production facilities, the contract traded along either side of $2.355 spanning into afternoon, reaching a near three-week intraday high of $2.365 at 1:00PM. October closed higher on Tuesday at $2.358.
As of 8:50AM EST this morning in Globex, WTI Crude was up $1.08; Natural Gas was up two cents; Heating Oil was up three cents; and Gasoline was up three cents.
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