Monday, September 18th, saw the front-month NYMEX Natural Gas Futures Contracts open at $3.124, ten cents above Friday’s closing price of $3.024. Slipping lower out of the gate to mark the intraday low of $3.106, prices then climbed as high as $3.143 by 9:30AM. Trading within a penny over the subsequent two hours, the contract rose steadily into the afternoon as above-normal temperatures will cover much of the central and eastern U.S. this week. Tallying a near four-month intraday high of $3.157 at 1:40PM, October proceeded to close higher on Monday at $3.146.
This morning in Globex, WTI Crude was up 46 cents; Natural Gas was down one; Heating Oil was up one cent and, Gasoline was unchanged. Additionally, cash prices were higher in New York and New England.
Natural Gas Glossary
For access to Sprague’s full Natural Gas Market Watch Report including commentary not posted here, please send your request to firstname.lastname@example.org or call 1-855-466-2842.