Natural gas futures staged a stunning recovery Monday as one of the major weather models added a huge chunk of demand to the late-February forecast. The March Nymex gas futures contract settled on the higher end of its trading range at $4.195/MMBtu, up 25.4 cents from Friday’s close. April jumped 22.5 cents to $4.160.


At A Glance:

  • Production at 96.5 Bcf/d
  • Uneven weather outlook
  • Storage situation improves

Spot gas prices also strengthened as frigid temperatures continued to drive up heating demand across the eastern United States. NGI’s Spot Gas National Avg. climbed $1.040 cents to $5.670.

The latest cold blast that hit the eastern United States this weekend is already its nearing its end, with temperatures set to rise by midweek ahead of another winter storm. It’s...