• BREAKING: U.S. EIA on Friday reported a withdrawal of 187 Bcf from natural gas storage for the week ending Jan. 15
  • LNG feed gas levels dropped lower
  • Cash prices were flat following two steep drops

For a third-straight day, Natural gas futures gave up ground, with warmer weather outlooks outshining expectations for a steep storage withdrawal. The February Nymex gas futures contract settled at $2.491, down 4.8 cents day/day. March fell 3.6 cents to $2.497.

storage Jan. 22

“Weather is king,” Bespoke Weather Services said, “and continued warmth will keep the market under pressure.”

NGI’s Spot Gas National Avg., meanwhile, narrowly avoided a three-day losing streak by finishing flat at $2.550.

Weather models have shifted both colder and warmer at various points over the past few...