September NYMEX Natural Gas Futures Contract Closed at $2.513 on Monday, August 24th

Monday, August 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.475, three cents above Friday’s closing price of $2.448.  Marking the intraday low upon the opening bell, the contract surged higher into the morning hours to tally a fresh nine-month intraday high of $2.554 at 11:30AM.  As two tropical storms enter the Gulf of Mexico, the threat of a disruption to supply operations has kept prices in overbought territory for the time being.  Trading along either side of $2.540 through 1:30PM, September withdrew heading into closing to finish higher on Monday at $2.513.

As of 8:40AM EST this morning in Globex, WTI Crude was up 31 cents; Natural Gas was up one cent; Heating Oil was up two cents; and Gasoline was up four cents.

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