September NYMEX Natural Gas Futures Contracts Closed at $2.797 on Monday, July 30th

Market Insights
Natural Gas
Basis
NYMEX
July 31, 2018
On Monday, July 30th – the September NYMEX Natural Gas Futures Contracts began trading as the prompt month.  Opening at $2.785, slightly above Friday’s closing price $2.782, prices slipped downward early on to tally the intraday low of $2.766 by 9:40AM.  Regaining its footing the contract then continued Friday’s ascension upon news of hot temperatures returning for much of the country.  Stabilizing near $2.800 by 10:30AM and persisting into the afternoon, a jump to the intraday high of $2.814 then gave way to see September close lower on Monday at $2.797.

This morning in Globex, WTI Crude was down 41 cents; Natural Gas was unchanged; Heating Oil was down one cent; and, Gasoline was down one cent.

Natural Gas Glossary
                                                                                                 
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