• Prices pulling back after midweek rally, but front month trading higher versus intraday lows
  • March Nymex contract dipped to $1.661/MMBtu shortly after bearish 60 Bcf withdrawal reported by U.S. Energy Information Administration (EIA)
  • March trading at $1.717 as of 2:20 p.m. ET, down 5.6 cents day/day; April down 4.6 cents to $1.817
  • American weather model underwent “further warmer trends” in midday data, now “in better agreement” with warmer European model, according to NatGasWeather
  • Per NatGasWeather: “Clearly, weather patterns remain much too warm the next 15 days as surpluses balloon toward 550 Bcf after the next three EIA reports are accounted for”
  • Traders monitoring producer activity in response to price weakness; Chesapeake Energy Corp. merger partner Southwestern Energy...