Merry Christmas Eve

Another rally day today.  The NYMEX January front month contract is up 29 cents to $3.95 US/mm, but on light volume.  Not many traders are in today so take today’s move with a grain of salt.

The spread over February has grown to 45 cents.  Don’t forget that January expires next week and the February contract will become the front month.

I am going to keep an eye on this but wait for traders to return from holiday in 2025.

I hope you have a holiday filled with love and family.

Best wishes from all of us at RiteRate