The NYMEX April natural gas futures contract continued to increase Monday, fueled by strong demand as weather forecasts indicate winter is not over just yet. This on the heels of three straight sessions of gains that have seen the prompt month increase 21.9 cents since the March 7 close of $2.824/MMBtu. However, prices may face headwinds later in the week as warmer weather is expected to return in a few weeks for a majority of the continental US. The NYMEX April contract settled trading at $3.043/MMBtu Monday, up 3.5 cents, and traded in a range between $3.028/MMBtu and $3.089/MMBtu in the session. The National Weather Service’s six- to 10-day forecast called for most of the continental US to see temperatures rise above normal, except for a small portion of the Pacific Northwest and the Northeast. This pattern is expected to hold through the rest of the month. Temperatures plummeted […]