April Nymex natural gas (NGJ25) on Monday closed down -0.086 (-2.10%).
April nat-gas on Monday gave up an early advance and settled moderately lower after US forecasts warmed for later this month, which will reduce heating demand for nat-gas. Commercial forecaster Maxar Technologies said Monday that forecasts for late March show above-normal temperatures for the western part of the US, while the East Coast could see a period of below-normal temperatures that are then expected to shift higher.
