• Forecasts shifted to expectations for a severe winter chill
  • Demand for U.S. LNG exports continued to boost sentiment
  • Spot gas prices finished the week strong

Weather models over the weekend reduced the intensity of a stretch of frigid temperatures that had been expected this month, sending futures tumbling. The February Nymex contract was down 15.5 cents to $2.582/MMBtu at around 8:45 a.m. ET.

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Natural gas prices rebounded Friday from a loss the day earlier as volatile weather forecasts shifted back to expectations for a severe winter chill in late January that could drive a surge in heating demand.

The February Nymex gas futures contract climbed 7.1 cents day/day and settled at $2.737/MMBtu on Friday. The advance more than made up the 6.1 cents lost a day earlier, when...