May NYMEX Natural Gas Futures Contracts Closed at $2.683 on Monday, April 2nd

Monday, April 2nd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.755, two cents above Thursday’s closing price of $2.733.  Prices collapsed as soon as markets opened yesterday, as traders were indifferent to the below average temperatures hanging around much of the upper Midwest and Northeast in the short-term.  Despite expectations for another storage withdrawal for the week ended March 30th, the contract notched the intraday low of $2.650 by 11:30AM.  Rising modestly into the afternoon, May closed lower on Monday at $2.683.

This morning in Globex, WTI Crude was up 24 cents; Natural Gas was unchanged; Heating Oil was up slightly; and, Gasoline was up two cents.  

Natural Gas Glossary
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