Friday, November 17th
saw the front-month NYMEX Natural Gas Futures Contracts open at $3.081, three cents above Thursday’s closing price of $3.053. Moving higher overnight as consumption increased week over week and short-term forecasts are calling for bullish weather, a modest decline to the intraday low of $3.072 by 10:00AM subsided as buyers entered the market. Scaling upward to mark the intraday high of $3.127 three hours later, December gradually withdrew for the balance of the day to close higher on Friday at $3.097.
This morning in Globex, WTI Crude was down 31 cents; Natural Gas was down six cents; Heating Oil was down two cents; and, Gasoline was down one cent.
Natural Gas Glossary
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