NYMEX NatGas Contract Closed Near $4 on Mon., Plunged on Tues.

There was a last-minute roller coaster ride for the NYMEX "front month" natural gas price earlier this week. On Monday, the price soared to $3.936 per million British thermal units (MMBtus). It was the largest one-day dollar gain since Wednesday, Nov. 2, 2022, and the largest one-day percentage gain since Thursday, Jan. 27, 2022. Monday's closing price was the second-highest closing price of the year, with the highest coming the week before on Dec. 24 at $3.946 (just one penny difference). Then, on Tuesday, the last day of 2024, the price fell by 30.3 cents (7.7%) to $3.633. However, the big news for NYMEX prices in 2024 is that from the first trading day of the year (Jan. 2) to the last (Dec. 31), the price rose 44.51%. Not too shabby given the attacks natural gas suffered under the Biden administration!

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