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.