April NYMEX Natural Gas Futures Contract Closed at $1.756 on Monday, March 2nd

Monday, March 2nd saw the front-month NYMEX Natural Gas Futures Contract open at $1.716, three cents above Friday’s closing price of $1.684.  Jumping higher to start the day, following last week’s multi-year low, the contract rose to the $1.75 mark by 9:30AM and added a penny by midday.  Despite bearish forecasts, April rose to an intraday high of $1.765 at 2:20PM, closing higher on Monday at $1.756.

As of 8:50AM EST this morning in Globex, WTI Crude was up $1.16; Natural Gas was up four cents; Heating Oil was up two cents; and Gasoline was up three cents.

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