The July Nymex contract went off the board in wild fashionFriday, as the spot month reached a high of $2.45 before plummetingto a low of $2.33 just before the closing bell. Despite thevolatility, July’s final $2.358 settlement price left the contractdown just 0.6 cents for the day.
Articles from Fashion
The April Nymex contract went off the board in bearish fashionon Friday as the spot month fell 3.8 cents to conclude its tradingat $2.300. A broker noted this was as “boring” a settlement day ashe could remember, probably because low volatility last week gavetraders ample opportunities to get out of their positions beforeFriday, he said.