March Nymex natural gas (NGH25) on Tuesday closed up +0.180 (+4.51%).
March nat-gas on Tuesday rallied by +4.03%, recovering much of Monday's -5.67% decline. Nat-gas prices have been whipsawed in the past several sessions by weather factors and have consolidated below last Thursday's 2-year high. However, nat-gas prices remain near the top of the February rally that was driven mainly by the inventory drawdown caused by the recent cold weather. As of February 14, EIA nat-gas inventories were -5.3% below their 5-year average, the tightest supplies have been in over two years.
