Natural Gas Prices Rise Amid Market Volatility

Wednesday, March 5^th saw the front-month NYMEX Natural Gas Futures Contract open at $4.420, up $0.070 compared to Tuesday’s closing price of $4.350. In a volatile session where prices fell to the intraday low $4.265 at 9:20AM and an intraday high of $4.477 at 1:45PM, traders balanced numerous market factors. With uncertainty surrounding impending tariffs and a cold start to March adding to supply concerns, April closed higher on Wednesday at $4.450.

The EIA Natural Gas Storage Report is due out Thursday at 10:30AM. The report is expected to show a 97 BCF withdrawal from storage for the week ended February 28. This compares to a 40 BCF withdrawal this time last year and a five-year average withdrawal amount of 94 BCF.

As of 7:00AM this morning in Globex, WTI Crude was up $0.410; Natural Gas was down $0.071; Heating Oil was up $0.016; and Gasoline was up $0.004.

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