Natural gas futures seesawed in a narrow range of gains and losses much of Friday before ultimately finishing in the red for the third time in four sessions. Following a 45.2-cent sell-off in the previous session, February Nymex gas futures on Friday lost 1.0 cent day/day and settled at $3.710/MMBtu. The March contract shed 3.4 cents to $3.392.


At A Glance:

  • Prompt month sheds a penny
  • Bearish weather forecasts persist
  • Production back up to 101 Bcf/d

Following back-to-back declines, NGI’s Spot Gas National Avg. ticked up 10.5 cents to $5.135 on Friday. Gains in the West offset continued losses across most other regions.

NatGasWeather said the outlook is tenuous for prices. The firm said Friday that both the American and European weather models, which had already pointed to...