Tuesday, September 12th, saw the front-month NYMEX Natural Gas Futures Contracts open at $2.979, three cents above Monday’s closing price of $2.950. Weighing the effects of Hurricane Irma’s impact on demand against a decline for cooling demand as the summer season wanes, prices rose confidently out of the gate to surpass the $3.04 mark. Fluctuating to fall near $3.000 in the following hour, the contract recovered to tally the intraday high of $3.043 by 10:30AM. Stepping lower to $3.020 by midday, October slipped further to finish the day, while still closing higher at $3.001.
This morning in Globex, WTI Crude was up 44 cents; Natural Gas was up five cents; Heating Oil was up one cent and, Gasoline was up one cent. Additionally, cash prices were lower in New York and higher in New England.
Natural Gas Glossary
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