December NYMEX Natural Gas Futures Contracts Closed at $4.262 on Tuesday, November 27th

Tuesday, November 27th saw the front-month NYMEX Natural Gas Futures Contracts open at $4.192, roughly five cents below Monday’s closing price of $4.248.  Slipping to the intraday low of $4.111 by 10:00AM, traders continue to gauge market fundamentals as inventory levels sit below the five-year average and forecasts are now calling for above average temperatures to arrive by mid-December.  Rallying higher into the afternoon, December tallied an intraday high of $4.325 ahead of 2:30PM as December closed higher on Tuesday at $4.262.  The more heavily traded January contract closed slightly lower at $4.292.

This morning in Globex, WTI Crude was down 42 cents; Natural Gas was up 17 cents; Heating Oil was down two cents; and Gasoline was down one cent.  

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