March NYMEX Natural Gas Futures Contracts Closed at $2.642 on Monday, February 11th

Monday, February 11th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.727, fourteen cents above Friday’s closing price of $2.583.  Extending to the intraday high of $2.744 as markets opened, prices were quick to return to last week’s bearish trend and fell below $2.660 before 10:00AM.  Finding modest support from updated forecasts that could bring frigid temperatures back to the region within the next week, the contract ascended past $2.700 by 11:30AM, only to post additional losses through the afternoon.  Marking the intraday low of $2.638 at 2:20PM, March closed higher on Monday at $2.642.

This morning in Globex, WTI Crude was up $1.56; Natural Gas was up one cent; Heating Oil was up four cents; and Gasoline was up five cents.  Additionally, cash prices were higher in New York and lower in New England.

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