December NYMEX Natural Gas Futures Contract Closed at $2.639 on Tuesday, October 29th

On Tuesday, October 29th – settlement day for the November contract – the front-month NYMEX Natural Gas Futures Contract opened at $2.559, ten cents above Monday’s closing price of $2.455.  Recovering from an initial dip to $2.540 as markets opened, prices rose steadily throughout the session until reaching a six-week intraday high of $2.640 at 2:00PM as short-term updated forecasts have turned colder.  Losing momentum in the minutes ahead of 2:30PM, November settled higher on Tuesday at $2.597.  Ready to take over the front-month position, the December contract closed nearly eight cents higher at $2.639.

As of 8:45AM EST this morning in Globex, WTI Crude was down 17 cents; Natural Gas was up three cents; Heating Oil was down slightly; and Gasoline was up two cents. 

Natural Gas Glossary
Natural Gas Supplier
                                                                                                 
For access to Sprague’s full Natural Gas Market Watch Report including commentary not posted here, please send your request to natgas@spragueenergy.com or call 1-855-466-2842.
 

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