April NYMEX Natural Gas Futures Contracts Closed at $2.714 on Tuesday, March 27th

On Tuesday, March 27th – settlement day for the April Contract – the front-month NYMEX Natural Gas Futures Contracts opened at $2.640, two cents above Monday’s closing price of $2.618.  Sustaining the contract’s pre-market momentum, prices rose gradually through the day to cross midday near $2.655 and notched the intraday high of $2.707 moments before settlement.  Impacted by the last traces of winter weather and expectations for an above average storage withdrawal in the coming week, April settled higher on Tuesday at $2.691 while the May contract closed nearly six cents higher at $2.714.

This morning in Globex, WTI Crude was down 61 cents; Natural Gas was down one cent; Heating Oil was down slightly; and, Gasoline was down two cents.  

Natural Gas Glossary
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