August 23, 2022
Monday, August 22
nd saw the September NYMEX Natural Gas Futures Contract open at $9.863, fifty-three cents above Friday’s closing price $9.336. In response to surging European prices, the contract rose to a fresh thirteen-year intraday high of $9.874 within minutes of the opening bell, as Russia announced another ‘maintenance’ event that would close Nord Stream One for three days at the end of August. Tallying the intraday low of $9.441 ninety minutes later, prices were able to recover to the $9.700 level by 11:30AM and trade largely sideways for the balance of the day. September closed higher on Monday at $9.680.
As of 7:55AM EST this morning in Globex, WTI Crude was up $1.45; Natural Gas was up twelve cents; Heating Oil was up one cent; and Gasoline was down one cent.
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