Natural gas futures prices ended the week on firmer ground as a chillier March outlook and the continued ramp of a key export facility supported the market. The March Nymex gas futures contract expired Friday at $2.451/MMBtu, up 13.7 cents from Thursday’s close. The April contract – which moves to the front of the curve on Monday – settled 11.6 cents higher at $2.548.

market

At A Glance:

  • Chilly March in the cards
  • Storage surplus may shrink
  • Cash drops as storm exits

Spot natural gas prices moved in the opposite direction. Led by steep declines on the West and East coasts following a major winter storm, NGI’s Spot Gas National Avg. dropped 59.5 cents to $4.360.

With yet another passing storm in the rearview mirror, futures traders looked ahead to the potential for more cold...