January NYMEX Natural Gas Futures Contracts Closed at $4.339 on Monday, December 3rd

Monday, December 3rd saw the front-month NYMEX Natural Gas Futures Contracts open at $4.297, nearly thirty-two cents below Friday’s closing price of $4.612.  Facing significantly diminished prices as pre-market trading began Monday morning, traders continued to gauge the possibility of a mid-month thaw following the cold that is currently moving eastward through the Midwest.  The contract rose to the intraday high of $4.394 ahead of 10:00AM, stepped downward to the intraday low of $4.243 by 1:20PM, and recovered in the subsequent forty minutes before closing lower on Monday $4.339.

This morning in Globex, WTI Crude was up 76 cents; Natural Gas was up 22 cents; Heating Oil was up four cents; and Gasoline was four cents.  
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