Leticia Gonzales

After crumbling as much as 27.5 cents earlier in the day, January natural gas prices on Wednesday hit a wall and bounced back to recover a good portion of the losses. The Nymex January gas futures contract went on to settle at $3.726, down 11.2 cents on the day. February fell 8.9 cents to $3.653 and March dropped 5.2 cents to $3.506.

January natural gas prices were more than 15 cents higher Tuesday morning as the prompt month bounced off resistance after plunging 60 cents during the past two trading sessions and more than $1 from last week’s high.

January natural gas prices on Tuesday recovered half of the last two trading days’ 60-cent plunge as the prompt month bounced off support, despite mostly mild weather on tap for the remainder of the year. The Nymex January gas futures contract was strong right out of the gate but then went on to settle a few ticks shy of its intraday high at $3.838, up 31 cents on the day. February climbed 28.9 cents to $3.742, and March rose 25 cents to $3.558.

January natural gas prices on Tuesday recovered half of the last two trading days’ 60-cent plunge as the prompt month bounced off support, despite mostly mild weather on tap for the remainder of the year. The Nymex January gas futures contract was strong right out of the gate but then went on to settle a few ticks shy of its intraday high at $3.838, up 31 cents on the day. February climbed 28.9 cents to $3.742, and March rose 25 cents to $3.558.

Enbridge Inc. said it has mobilized equipment to begin removing a section of 22-inch diameter natural gas pipeline that exploded over the weekend in Smith County, TN.

Just one trading day after January natural gas prices took out critical support at the $4 level, the prompt month on Monday set its eyes on $3.50 as weather outlooks indicated it could be after the new year begins before any truly cold air returns to the Lower 48.

Just one trading day after January natural gas prices took out critical support at the $4 level, the prompt month on Monday set its eyes on $3.50 as weather outlooks indicated it could be after the new year begins before any truly cold air returns to the Lower 48. The Nymex January futures contract settled at $3.528, down 29.9 cents on the day. February tumbled 30 cents to $3.453, and March dropped 29.8 cents to $3.308.

Natural gas futures prices came crashing down Friday as weather models all trended warmer for the rest of December, easing some fears about adequate supplies this winter. The Nymex January futures contract plunged 29.7 cents to $3.827, the first sub-$4 settle for the January contract since Nov. 12. February dropped 27.4 cents to $3.753, and March tumbled 25 cents to $3.606.

Natural gas prices plummeted during the Dec. 10-14 week as demand retreated with milder weather moving across the United States. Steep losses of 20-30 cents were seen across much of the country, with far more dramatic declines in the West, Rockies and the Northeast. The NGI Weekly National Avg. plunged 59 cents to $4.25.