Cold Winter or Not, NatGas Prices Staying High – NYMEX Breaks $5

Just two days ago MDN told you about whispers that the NYMEX price of natural gas may actually hit or surpass $5/MMBtu (see Gulf of Mexico Supplies Remain Offline, NatGas Price Hits New High). Yesterday the current NYMEX contract trading right now, the "front month" (for October delivery) went over $5/MMBtu during intraday trading, closing at $4.91 (up 35 cents for the day). However, the NYMEX contracts for both December and January settled *above* $5--for the first time in years (since 2014).

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