December NYMEX Natural Gas Futures Contract Closed at $3.197 on Monday, November 13th

Monday, November 13th saw the front-month NYMEX Natural Gas Futures Contract open at $3.156, twelve cents above Friday’s closing price of $3.033. Continuing the pre-session rally, prices rose to $3.193 at 9:45AM as supportive weather forecasts for the end of the month returned over the weekend. Arcing downward to mark the intraday low of $3.124 at 11:25AM, the contract fluctuated along either side of $3.150 into the afternoon. Posting a final rally ahead of closing to attain an intraday high of $3.207, December closed higher on Monday at $3.197.

The EIA Natural Gas Storage Report for the weeks ended November 3rd and 10th will be published on November 16th to complete a planned systems upgrade. The report for the week ended November 3rd is expected to show a four BCF injection to storage. This compares to a 79 BCF injection at this time last year and a five-year average injection amount of 36 BCF.

As of 6:30AM EST this morning in Globex, WTI Crude was up nine cents; Natural Gas was down one cent; Heating Oil was down one cent; and Gasoline was up slightly.
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