Natural gas futures found their footing on Thursday, ending a two-day losing streak, as traders looked past a bearish storage print and focused on late-winter heating demand, as well as the ongoing revival of a key export facility.

At A Glance:

  • Production falls to 97 Bcf/d
  • Forecasts for mixed demand
  • NGI models draw of 41 Bcf

The April Nymex gas futures contract gained 7.5 cents day/day and settled at $2.514/MMBtu. May advanced 8.0 cents to $2.626.

NGI’s Spot Gas National Avg. fell 11.5 cents to $2.585, though prices strengthened in several regions.

On a day with multiple potential drivers, Mother Natural reminded of her prominence in natural gas markets.

NatGasWeather said a much colder-than-normal bout of late-winter conditions was expected to sweep across the Lower...