March NYMEX Natural Gas Futures Contract Closed at $2.953 on Monday, February 22nd

Market Insights
Natural Gas
February 23, 2021
Monday, February 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.940, thirteen cents below Friday’s closing price of $3.069.  Trending lower to settle-in near $2.900 shortly after 10:00AM, marking an intraday low of $2.889 at 11:50AM, prices then rose into the afternoon.  With uncertainty surrounding short-term forecasts, updated reports are now calling for frigid temperatures to return in early March.  Ascending to an intraday high of $2.967 at 2:20PM, March closed lower on Monday at $2.953.

As of 6:40AM EST this morning in Globex, WTI Crude was up 50 cents; Natural Gas was down three cents; Heating Oil was up one cent; and Gasoline was up one cent.

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