NymeX march gas rises 4.6 cents on cold weather forecasts

摘要

Trading for the NYMEX March contract started out hot Tuesday, but then eased a bit, still finishing with a day-on-day rise. The March contract settled at $2.688/MMBtu, up 4.6 cents from Monday’s close, after trading in a $2.618-$2.698/MMBtu range. “We started out strong, probably because of the colder weather coming, but then things eased off,” said Phil Flynn, senior energy analyst with Price Futures Group, adding the slight rise was part of the recovery from a recent dive in the market.