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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

Natural Gas Futures Pull Back as April Cold Seen Easing; Spot Prices Mixed

Natural gas futures bulls ran out of steam Tuesday after a string of consecutive daily gains as forecasters were calling for supportive April cold to moderate by next week. Spot prices were mixed, with a few Midwest points strengthening on calls for spring snow as much of the Northeast eased off Monday’s weather-related gains; the NGI National Spot Gas Average dropped 9 cents to $2.92.

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