February NYMEX Natural Gas Futures Contracts Closed at $3.099 on Friday, January 11th

Market Insights
Natural Gas
Basis
NYMEX
January 14, 2019
Friday, January 11th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.023, roughly five cents above Thursday’s closing price of $2.969.  Recording an intraday low of $3.014 soon after markets opened, the contract floated along the $3.035 level through midday.  Possibly encouraged by the colder weather moving into the Northeast, prices rose steadily into the afternoon to tally a two-week intraday high of $3.116.  February closed higher on Friday at $3.099.

This morning in Globex, WTI Crude was down 69 cents; Natural Gas was up 29 cents; Heating Oil was up slightly; and Gasoline was down two cents.
 
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