NYMEX Natural Gas Futures Contract After climbing to a high of US$2.657/MMBtu, prices fell throughout the day with the prompt month March contract settling down $0.188 at $2.396. The months following were also all in the red.

Market Fundamentals Although weather models showed slightly colder revisions, the gas oversupply in the market continues to limit the upside on natural gas prices. Tomorrow will show the storage report for the last week, which was cold. The industry estimate is a withdrawal in the low 200s (Bcf). ~CL

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