March 2 (Reuters) - Futures for Canada's main stock index fell on Monday, mirroring declines in global equities as mounting tensions in the Middle East stoked fears of a conflict that could drag on for weeks.

Crude oil futures pared sharp initial gains Sunday night, while U.S. stock futures improved somewhat after an initial selloff in the first trading session since Saturday's attack on Iran by the U.S. and Israel.

Comex gold futures were poised to test resistance at $5,500, RHB’s said.

By Johann M Cherian and Ragini Mathur March 2 (Reuters) - U.S. stock index futures dropped over 1% on Monday as investors braced for a prolonged Middle East conflict that threatened to disrupt global trade routes and reignite inflationary pressures.

The energy market suffered another blow early Monday after Saudi Arabia's oil giant Aramco was reportedly hit by a drone strike, forcing the closure of the Ras Tanura refinery, [Reuters and other outlets reported,

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US natural gas futures (NG1:COM) are trading around $2.86 per MMBtu, marking a significant decline that has wiped out the winter spike we saw earlier this year. Read more

The S&P 500 and the Nasdaq clocked losses in the last session, with the Nasdaq closing below its 50-day moving average for the 17th straight session. The closely followed moving average is seen as a proxy for the intermediate-term trend.