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Barchart
Barchart
Rich Asplund

Nat-Gas Prices End Higher on Fund Short Covering Ahead of March Expiration

March Nymex natural gas (NGH24) on Monday closed +0.056 (+3.49%).

Nat-gas prices on Monday posted moderate gains on some fund short covering ahead of the expiration of the March futures contract on Tuesday.   The upside for nat-gas prices appears limited in the near term as the warm U.S. winter weather continues, which will curb heating demand for nat-gas and keep supplies elevated.  Maxar Technologies said Monday that "record challenging warmth" will move across the Midwest into the eastern U.S. from March 2-6.  

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