January Nymex natural gas futures settled the regular trading session higher on Thursday,  backed by cooler weather trends. 

At A Glance:

  • Production at 96.5 Bcf/d
  • Uneven weather outlook
  • Storage situation improves

Still, more significant gains were relinquished as temperatures were forecasted to rise again. Meanwhile, the latest government storage report showed a withdrawal matching the figure modeled by NGI and most others, but it provided little additional support.

The front-month contract settled up 5.7 cents at $2.392/MMBtu. January futures hit an intraday high of $2.422, before pulling back ahead of Thursday’s close. February futures finished the session 5.5 cents higher at $2.347.

[Actionable Insight: Did you know that NGI is one of only two Price Reporting...