Natural gas futures ended the week lower, with traders left uninspired by the arrival of chilly weather in the coming days across the Lower 48. With recent government inventory data pointing to continued looseness in supply/demand balances, the April Nymex gas futures contract settled Friday at $2.430/MMBtu, off 11.3 cents on the day.

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At A Glance:

  • Coming week to be chilly
  • Supply still too robust
  • Cash softens ahead of weekend

Spot gas prices also declined, as the typical weekend discount drove hefty losses out West. NGI’s Spot Gas National Avg. dropped 19.0 cents to $2.610.

With weeks to go before the official end to the winter season for the natural gas market, cold weather systems poised to sweep across the country did little to move the price needle on Friday. That’s...