Natural gas futures prices fell on Monday as weather gained the upper hand early in the trading session despite intensifying concerns regarding the Russia-Ukraine conflict. After reaching a $4.683/MMBtu intraday high, the April Nymex futures contract settled 6.8 cents lower at $4.402. May futures slipped 6.5 cents to $4.420.

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At A Glance:

  • Milder weather sends futures to $4.40
  • Volatility likely amid Russian conflict
  • Cash tumbles on rising temperatures

Spot gas prices also continued to retreat amid an increasingly warm outlook for the coming week. NGI’s Spot Gas National Avg. dropped $1.570 to $4.395.

Although Russia’s war on Ukraine continued to wreak havoc on oil markets at the start of the week, natural gas traders quickly pushed uncertainties related to the crisis to...