Friday, September 22nd
, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.959, a penny below Thursday’s closing price of $2.946. Despite a momentary decline to the intraday low of $2.950 as markets opened, the contract rose modestly through the morning to reach $2.970 by midday. Marking the intraday high of $2.978 at 12:30PM, forecasts for the return of seasonal temperatures by early next week soon directed prices lower, as October closed nearly flat on Friday at $2.959.
This morning in Globex, WTI Crude was up 65 cents; Natural Gas was up two cents; Heating Oil was up two cents; and, Gasoline was up two cents.
New York basis values were lower for all seasons, whereas New England basis values were higher for the coming winter season and lower for the following summer months. Additionally, cash prices were higher in both regions.
Natural Gas Glossary
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