October NYMEX Natural Gas Futures Contract Closed at $9.336 on Monday, August 29th

Monday, August 29th saw the September NYMEX Natural Gas Futures Contract open at $9.044, twenty-five cents below Friday’s closing price $9.296. With minimal trading, the September contract settled higher on Monday at $9.353.

The more-actively traded October contract opened at $9.132, thirteen cents below Friday’s closing price $9.269. Finding support early on to reach the intraday high of $9.550, weekend forecasts sporting additional expected cooling degrees in the short-term provided support. Trading along either side of $9.350 through the afternoon hours, October closed higher on Monday $9.336.

As of 6:45AM EST this morning in Globex, WTI Crude was down $1.78; Natural Gas was 11 cents; Heating Oil was down two cents; and Gasoline was down eight cents.
 
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