On Tuesday, August 29th – settlement day for the September Contract – the front-month NYMEX Natural Gas Futures Contracts opened at $2.946, two cents above Monday’s closing price of $2.925. Emerging into the day’s session in a modest decline, prices marked the intraday low of $2.909 on multiple occasions through 11:30AM. Tracking steadily higher into the afternoon as the market weighed the impact on production from Tropical Storm Harvey against low cooling demand in much of the country, the contract then launched from the $2.94 level at 2:00PM to reach for the $3.00 mark. Attaining the intraday high of $2.998 at 2:20PM, September settled higher on Tuesday at $2.961. The October contract closed two cents higher at $2.983.
This morning in Globex, WTI Crude was down 41 cents; Natural Gas was down three cents; Heating Oil was up four cents; and, Gasoline was up 11 cents. Additionally, cash prices were higher in New York and New England.
Natural Gas Glossary
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