October NYMEX Natural Gas Futures Contract Closed at $2.681 on Monday, September 16th

Monday, September 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.681, seven cents above Friday’s closing price of $2.614.  Driven higher over the weekend in response to the reported drone attacks on Saudi Arabian oil infrastructure, prices fell to $2.655 by 9:20AM and rose to a four-month intraday high of $2.700 at 10:10AM as markets sought direction.  Posting a staggered descent from this high, the contract recorded an intraday low of $2.641 shortly after midday and straddled $2.650 until surging above $2.680 ahead of 2:30PM.  October closed higher on Monday at $2.681.

As of 8:55AM EST this morning in Globex, WTI Crude was down 81 cents; Natural Gas was down three cents; Heating Oil was down one cent; and Gasoline was unchanged. 

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