• Signs of spring point to lighter demand
  • Traders continue to weigh anemic storage pulls
  • Production recovers faster than demand from Texas storm

The hangover of another anemic government inventory assessment weighed down natural gas futures on Friday. The April Nymex contract fell 6.8 cents day/day and settled at $2.600/MMBtu. It marked the seventh time in eight days the prompt lost ground. May shed 6.7 cents to $2.636.

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NGI’s Spot Gas National Avg., meanwhile, gained 11.0 cents to $2.605 ahead of an expected weekend cold snap in the Northeast.

Forecasts on Friday called for cooler temperatures over the weekend and to start the week ahead, only to warm again later in the period and remain comfortable the following week. This is expected to result in expectations for a net...