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The standardized NYMEX natural gas futures contract is for delivery of 10,000 million Btu of energy (approximately 10,000,000 cu ft or 280,000 m 3 of gas) at Henry Hub in Louisiana over a given delivery month consisting of a varying number of days. As a coarse approximation, 1000 cu ft of natural gas ≈ 1 million Btu ≈ 1 GJ.
NYMEX provided an "open market" and thus transparent pricing for heating oil, and, eventually, crude oil, gasoline, and natural gas. NYMEX's oil futures contracts were standardized for the delivery of West Texas Intermediate light, sweet crude oil to Cushing. [10]
The following is a list of futures contracts on physically traded commodities. Agricultural ... Natural gas: NYMEX: 10,000 million BTU: NG Natural gas: ICE: 1,000 ...
You could go long oil futures using the crude oil futures contract (code: CL) on the New York Mercantile Exchange (NYMEX). The contract represents 1,000 barrels of West Texas Intermediate oil.
On its last day as the front month, gas futures for July delivery on the New York Mercantile Exchange (NYMEX) rose 5.0 cents, or 0.8%, to settle at $6.551 per million British thermal units (mmBtu).
Natural gas prices surged more than 20% on Monday after a wave of forecasts over the weekend predicted incoming arctic air could set the U.S. up for the coldest January in a decade or more.
For instance, natural gas futures in the United States usually have the Henry Hub as a delivery point, [2] and gold may have a delivery point of New York or London. Futures contracts that differ only in the delivery point will typically have slightly different prices, reflecting localized supply and demand and transportation costs. [citation ...
This is a list of notable futures exchanges. ... (NYMEX) 536,342,083 4.3% 12,904,391 ... TSX Group's Natural Gas Exchange Partnership 2008;