• LNG feed gas volumes climbed above 10 Bcf
  • Chilly near-term conditions propped up spot gas prices
  • A warmer weather outlook kept futures in check

Natural gas futures on Monday hovered in a narrow range of gains and losses as traders weighed outlooks for mild spring weather and its dampening effect on domestic demand against a recovery in liquefied natural gas (LNG) levels.

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The April Nymex contract ultimately settled at $2.777/MMBtu, up six-tenths of a cent day/day, supported by strength in cash markets. May advanced nine-tenths of a cent to $2.818.

Chilly near-term conditions propped up spot gas prices. NGI’s Spot Gas National Avg. gained 32.0 cents to $2.965.

LNG feed gas volumes climbed above 10 Bcf early on Monday, marking substantial progress in the recovery from...