• BREAKING: EIA reports 128 Bcf net withdrawal from storage 
  • Futures extended to three days a winning streak
  • Mid-range outlooks pointed to more freezing conditions
  • Spot prices advances for a fourth-straight day

Natural gas futures on Wednesday extended to three days a winning streak built on intensifying winter weather and renewed momentum in U.S. liquefied natural gas (LNG) demand.

EIA storage Jan 22

Before rolling off the board on Wednesday, the February Nymex gas futures contract climbed 10.4 cents day/day and settled at $2.760. March, which takes over as the prompt month on Thursday, advanced 6.6 cents to $2.702.

NGI’s Spot Gas National Avg. continued its own multi-day rally, surging 52.0 cents to $3.370 on Wednesday.

In addition to a widespread blast of cold this week, mid-range weather...