April NYMEX Natural Gas Futures Contract Closed at $1.778 on Monday, March 9th

Monday, March 9th saw the front-month NYMEX Natural Gas Futures Contract open at $1.653, five cents below Friday’s closing price of $1.708.  Opening at a fresh multi-year intraday low, prices moved dramatically higher to reach $1.746 by 9:20AM as markets expect a reduction to natural gas production.  Slipping below $1.680 an hour later, the contract mounted at secondary ascent at 11:30AM that persisted through the balance of the day.  Reaching an intraday high of $1.791 ahead of 2:30PM, April closed higher on Monday at $1.778.

As of 8:50AM EST this morning in Globex, WTI Crude was up $2.66; Natural Gas was up six cents; Heating Oil was up eight cents; and Gasoline was up six cents.

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