September 10, 2019
Monday, September 9
th saw the front-month NYMEX Natural Gas Futures Contract open at $2.520, two cents above Friday’s closing price of $2.496. Posting a similar pattern to Friday’s activity, prices fell to an intraday low of $2.517 as markets opened and spent the subsequent ninety minutes climbing steadily higher. Stabilizing near $2.580 by 10:30AM, as the short-covering rally continues, the contract traded within two cents of this mark for the balance of the day, reaching the highest intraday mark ($2.591) since late May, October closed higher on Monday at $2.585.
As of 8:30AM EST this morning in Globex, WTI Crude was up 63 cents; Natural Gas was up four cents; Heating Oil was up two cents; and Gasoline was up two cents.
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