With geopolitical tensions surrounding Russia and Ukraine roiling markets, natural gas futures were higher in early trading Tuesday. At around 8:50 a.m. ET, the March Nymex contract was up 12.8 cents to $4.559/MMBtu. April was up 13.8 cents to $4.515.

NGI Morning Natural Gas Price & Markets Coverage

Natural gas prices showed some volatility in after hours trading over the holiday weekend, going as high as $4.861 before backing off amid warmer trends in the weather modeling overnight, according to Bespoke Weather Services.

“Since the open back on Sunday, natural gas prices have been all over the place…as weather initially looked to shift colder versus Friday, along with, of course, concerns in all markets over the situation between Russia and the Ukraine,” Bespoke said.

EBW Analytics Group senior analyst Eli Rubin...