Fascinating. last traded oil and natty prices don't look to be in sync with what nymex appears to be showing as settlement price on its website (and even to my broker). ie nat gas traded up almost to 8.00 range on front month on friday. nymex shows settle at 7.72 (a la pre thanksgiving prices). same thing with oil. just a holiday related bug?
Perhaps last settlement time was equal to a prethanksgiving closing. I thought settlement time is something like 2:15 EST (so whatever price at 2.15 is = settlement), correct?
settlement is done via comitee in natty. extremely thin markets on Wed and traded in .05 clips during the close.