• Futures rebounded on increases in expected heating demand 
  • LNG export volumes recovered after declines the prior week
  • Cash prices climbed amid a fresh round of winter storms

After a bruising run a week earlier, natural gas futures rebounded Monday on substantial increases in expected heating demand over the weekend and a fresh bout of winter weather settling in across parts of the Midwest on Monday.

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The February Nymex gas futures contract jumped 15.6 cents day/day and settled at $2.602. The prompt month had dropped 10% over the prior week. March rose 14.2 cents to $2.598 on Monday, also recovering from a slump a week earlier.

Of last week’s activity, analysts at The Schork Report said, “the fact traders are unwilling to pay a premium to own gas for the final two delivery...