January NYMEX Natural Gas Futures Contract Closed at $2.334 on Friday, December 6th

Friday, December 6th saw the front-month NYMEX Natural Gas Futures Contract open at $2.392, three cents below Thursday’s closing price of $2.427.  Jumping to an intraday high of $2.420 by 9:15AM, the contract then posted a staggered descent to stabilize near $2.395 at 11:00AM.  Sinking to $2.360 by midday, contrasting weather models had traders exercising caution before the weekend.   Stepping lower at 2:00PM to bottom-out at an intraday low of $2.328 ahead of closing, January finished lower on the day at $2.334, up 2% on the week.

As of 8:45AM EST this morning in Globex, WTI Crude was down 68 cents; Natural Gas was down 12 cents; Heating Oil was down two cents; and Gasoline was down two cents. 

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