November NYMEX Natural Gas Futures Contract Closed at $2.300 on Friday, October 25th

Friday, October 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.296, two cents below Thursday’s closing price of $2.316.  Falling to an intraday low of $2.273 shortly after the opening bell, prices rose in the following thirty minutes to record the intraday high of $2.321.  The contract remained within the previous sessions low and high for the rest of the day as anticipated short-term demand is bookended by mild temperatures.  Retreating to $2.286 by 10:00AM, the contract proceeded to trade gradually higher above $2.300 for the majority of the session.  November close lower on Friday at $2.300, down two cents on the week.

As of 8:45AM EST this morning in Globex, WTI Crude was down 11 cents; Natural Gas was up eight cents; Heating Oil was down one cent; and Gasoline was down slightly. 

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