A chillier weekend forecast lifted natural gas futures back above $4.000/MMBtu early in Monday’s session. The gains, however, were not to last as subsequent weather data backed off the cold and sent the January Nymex gas futures contract tumbling 13.1 cents to $3.794. February slid 12.8 cents to $3.761.


At A Glance:

  • More warmth seen in weather models
  • Supply picture improving
  • California, Rockies cash rallies

Spot gas prices were higher to start the week despite mostly mild conditions across the country. Gains were strongest out West with a Pacific storm in place, which helped boost NGI’s Spot Gas National Avg. up 45.5 cents to $4.175.

After hinting that temperatures could finally turn a bit more wintery, the weekend weather models shifted a little colder, showing enough...