March 5, 2018
Friday, March 2
nd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.713, nearly two cents above Thursday’s closing price of $2.698. Rising to the intraday high of $2.720 within minutes of opening, unsettled trading through 9:30AM saw prices fall to the intraday low of $2.691 before stabilizing near $2.705. Seesawing along this mark for the balance of the day, short-term forecasts supported current prices as the EIA has estimated that the withdrawal season will conclude at month end. April closed slightly lower on Friday at $2.695.
This morning in Globex, WTI Crude was up five cents; Natural Gas was up one cent; Heating Oil was down two cents; and, Gasoline was down one cent.
Natural Gas Glossary
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