The selloff continued for the majority of U.S. natural gas forward markets in the final week of March as production proved too lofty amid declining weather-driven demand and healthy inventory levels. 

The April contract rolled off the board between 10 and 20 cents lower, while the May contract – which took over the prompt-month position on Thursday – shed less than a dime at most locations, according to NGI’s Forward Look.

The moves aligned with the price declines seen along the Nymex futures. Benchmark Henry Hub’s April forward contract slipped just below $2.00 upon expiration.

The May contract slid to $2.104 on Thursday but after some fluctuations in the weather data and with export demand at multi-month highs amid Freeport LNG’s return, the new prompt month...