April NYMEX Natural Gas Futures Contracts Closed at $2.683 on Tuesday, February 27th

On Tuesday, February 27th – the April NYMEX Natural Gas Futures Contracts began trading as the prompt month.  Opening at $2.652, three cents below Monday’s closing price of $2.686, traders moved quickly to recapture overnight losses.  Surpassing the $2.68 mark by 11:00AM, below average short-term temperatures in the West and Central U.S. faced opposition from above average temperatures in the Northeast as the contract seesawed along the $2.69 mark into the afternoon.  April closed slightly lower on Tuesday at $2.683.

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

Natural Gas Glossary
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