Natural Gas Futures Set Eight-Month High on Tight Storage Outlook; Cash Eases After Spikes

Natural gas futures rallied to an eight-month high Wednesday ahead of Energy Information Administration (EIA) storage data that was expected to show another large pull to follow last week’s record. After a winter storm dropped snow and ice across the South, spot prices retreated Wednesday from weather-driven premiums set the day before; the NGI National Spot Gas Average fell $1.07 to $4.36/MMBtu. Read More