Natural gas futures forged ahead Monday, rebounding from a 7% drop the previous week, as forecasts for colder air late this month and early next galvanized bulls. News Monday that a key export facility was another step closer to reopening after a fire last year added to the momentum.

At A Glance:

  • Prompt month gains 27 cents
  • Weather takes bullish turn
  • Freeport says repair work done

The February Nymex gas futures contract rose 27.3 cents day/day and closed at $3.447/MMBtu. March gained 18.6 cents to $3.222.

NGI’s Spot Gas National Avg. jumped 53.5 cents to $5.360.

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