After a week in which the term “volatile” may be the understatement of the year, natural gas prices in both the futures and spot gas markets ended Friday on a much quieter note. Still trying to digest the past week’s crippling Arctic blast and the long-term implications it may have on natural gas, traders pushed the March Nymex gas futures contract down 1.3 cents to $3.069. April finished at $2.991, up 2.1 cents.

working gas in storage

Spot gas action continued to slow as temperatures throughout the Midcontinent and Texas were forecast to climb from the record lows experienced over the past week. NGI’s Spot Gas National Avg. fell $4.385 to $4.475.

An unbelievable week in the natural gas market that all started with an Arctic blast that gripped the country’s midsection down into Texas...