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Natural Gas Futures Bounce Amid Lean Storage, Colder Forecasts; SoCal Blowout Continues

Natural gas futures gained for a second straight trading day Wednesday as forecasters continued calling for cold to spread into the East in early March. In the spot market, SoCal Citygate’s basis blowout stretched into a second day as other western points moderated from Tuesday’s gains; the NGI National Spot Gas Average added 2 cents to $2.80/MMBtu. Read More

Bulls Hoping for Cold March as Natural Gas Futures Skid Continues; Cash Mixed

Natural gas futures finished the week with another down day Friday as the weather outlook continued to antagonize winter bulls. The spot market was mixed ahead of the long weekend, featuring large declines in the Northeast and a big increase in Southern California amid new import restrictions; the NGI National Spot Gas Average gave up 4 cents to $2.41/MMBtu. Read More

Natural Gas Futures Finish Near Even Again Despite Bullish Storage Stats

Natural gas futures moved less than a penny for the second straight day Thursday as a bullish government storage report couldn’t overcome lackluster winter weather and rising production. In the spot market, a few Northeast points rallied as SoCal Citygate eased off recent gains; the NGI National Spot Gas Average added 5 cents to $2.45/MMBtu. Read More