October NYMEX Natural Gas Futures Contract Closed at $2.534 on Friday, September 20th

Friday, September 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.568, three cents above Thursday’s closing price of $2.538.  Inching upward to reach an intraday high of $2.579 by 9:10AM, traders soon resumed the selling that had persisted since Wednesday as markets quieted following the drone attacks in Saudi Arabia and Thursday’s bearish storage injection.  Trailing downward to an intraday low of $2.506 by 11:10AM, as the $2.500 continues to provide resistance, the contract managed a modest recovery as the afternoon drew on.  October closed nearly flat on Friday at $2.534, down 3% on the week.

As of 9:00AM EST this morning in Globex, WTI Crude was up 16 cents; Natural Gas was down three cents; Heating Oil was up slightly; and Gasoline was down one cent. 

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