The March 2018 NYMEX natural gas futures contract opened at $2.638/dth and traded in an 11.5 cent range between $2.565 and $2.680. The contract settled 4.3 cents higher, ending the day at $2.659/dth. The March contract will expire on Monday at 2:30 PM. Market analysts are expecting a withdrawal of approximately 120 Bcf from US natural gas storage inventory for the week ended 2/16/18. The EIA will release its weekly natural gas storage report today at 10:30 AM. The prompt month crude oil contract ended the day at $61.68, down 11 cents/barrel. National weather maps show warmer than normal temperatures for the eastern half of the country during the 10 day outlook. A cold air mass is expected to push downward from Canada and blanket the northern half of the US during the 11-15 day range.
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