Whiplash for NatGas Futures as Friday Rally Erases Selloff; Spot Prices Tumble

Natural gas futures reversed course Friday to completely erase Thursday’s sharp selloff, with storage deficits and a slow start to injection season helping the bulls make their case. In the spot market, forecasts for moderating temperatures by Monday in key Midwest and East Coast markets curbed interest in three-day deals; the NGI National Spot Gas Average fell 19 cents to $2.42/MMBtu. Read More