Traders looked past the arrival of below-average temperatures this week and focused on strong production and expectations for mild mid-February weather, sending Natural gas futures lower on Monday.

At A Glance:

  • Weather front delivers cold shots
  • February forecast tilts warmer
  • Production continues to hold strong

The March Nymex gas futures contract, in its first regular session as the prompt month, fell 17.2 cents day/day and settled at $2.677/MMBtu. April lost 14.7 cents to $2.731.

NGI’s Spot Gas National Avg., meanwhile, advanced 15.5 cents to $4.575 on the strength of freezing air in the Rocky Mountains and central United States pushing to the East.

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