March NYMEX Natural Gas Futures Contract Closed at $1.827 on Monday, February 24th

Monday, February 24th saw the front-month NYMEX Natural Gas Futures Contract open at $1.855, five cents below Friday’s closing price of $1.905.  Popping up to an intraday high of $1.867 by 9:10AM, prices soon trended lower and settled along $1.835.  Despite the short-term frigid temperatures that are scheduled to arrive this weekend, over-supply continues to weigh on the market.  Falling to an intraday low of $1.824 at 2:20PM, March closed lower on Monday at $1.827.

As of 8:45AM EST this morning in Globex, WTI Crude was down 11 cents; Natural Gas was up two cents; Heating Oil was down slightly; and Gasoline was down slightly. 

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