September NYMEX Natural Gas Futures Contracts Closed at $2.930 on Monday, August 13th

Monday, August 13th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.920, two cents below Friday’s closing price of $2.944.  Seeking direction throughout the morning hours, the contract tallied the intraday low of $2.919 early on and rose to the intraday high of $2.946 forty minutes later.  Stabilizing near $2.940 ahead of 11:00AM, markets are deciding how to handle the possibility of cooler than anticipated temperatures and steady production as a below average injection is expected for the week ended August 10.  Trending lower into the afternoon, September closed as $2.930 on Monday.

This morning in Globex, WTI Crude was up 91 cents; Natural Gas was up three cents; Heating Oil was up three cents; and, Gasoline was up four cents.

Natural Gas Glossary
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