February NYMEX Natural Gas Futures Contracts Closed at $3.631 on Monday, January 29th

On Monday, January 29th – settlement day for the February Contract – the front-month NYMEX Natural Gas Futures Contracts opened at $3.379, thirteen cents below Friday’s closing price of $3.505.  As profit taking dominated the weekend, prices rose from the intraday low of $3.377 as markets opened and quickly surged higher.  Eclipsing the $3.50 mark ahead of 10:00AM, the contract hesitated in the following hour before extending its weather-induced gains.  Surpassing $3.525 by midday, February pressed onward to tally the intraday high of $3.661 before settling higher on Monday at $3.631.  The more actively traded March contract closed slightly lower at $3.167.

This morning in Globex, WTI Crude was down 59 cents; Natural Gas was up seven cents; Heating Oil was down two cents; and, Gasoline was down two cents.
Natural Gas Glossary
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