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November 2020 NYMEX Natural Gas Contract Settled at $2.996

The November 2020 NYMEX natural gas contract settled at $2.996/MMBtu.

This further evidences the natural gas market’s trend upward.  The average annual NYMEX monthly natural gas settlement for 2020 is now up to $2.003/MMBtu from last month’s average of $1.904/MMBtu.  Also, the November 2020 NYMEX natural gas settlement price has not been this high since January of 2019, which was $3.642/MMBtu.  When looking back to 2000, this still remains the lowest annual NYMEX monthly natural gas settlement average to date.  However, we still have 1 month of settlement history to be reported for 2020.

Today, the December 2020 natural gas futures traded today as high as $3.341/MMBtu.  It opened today’s trading session at $3.313/MMBtu and only traded as low as $3.310/MMBtu.

We will continue to monitor the volatility in the market.

By |October 30th, 2020|News|0 Comments