Natural gas futures on Monday hovered in a narrow range of gains and losses as traders weighed outlooks for mild spring weather and its dampening effect on domestic demand against a recovery in liquefied natural gas (LNG) levels.

daily vaccines administered

The April Nymex contract ultimately settled at $2.777/MMBtu, up six-tenths of a cent day/day, supported by strength in cash markets. May advanced nine-tenths of a cent to $2.818.

Chilly near-term conditions propped up spot gas prices. NGI’s Spot Gas National Avg. gained 32.0 cents to $2.965.

LNG feed gas volumes climbed above 10 Bcf early on Monday, marking substantial progress in the recovery from declines imposed by the deep freeze in Texas that crippled the Gulf Coast energy sector for days.

“Delayed demand” from those interruptions is...