October NYMEX Natural Gas Futures Contracts Closed at $2.933 on Tuesday, September 18th

Tuesday, September 18th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.836, two cents above Monday’s closing price of $2.814.  Posting a hesitant opening as prices fell to the intraday low of $2.832 at 9:30AM, the contract then reversed direction and surged higher.  Per Bloomberg, the recently announced 10% tariff that China plans to impose on U.S. natural gas exports was well below the formerly proposed 25% duty.  Surpassing $2.890 by midday, October continued higher to record a three-week intraday high of $2.937, closing 4% higher on Tuesday at $2.933.

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