March Nymex natural gas futures ended nearly unchanged on the plus side in the week’s opening session as the market locked onto near-term weather forecasts for mild conditions ahead of an expected blast of mid-February cold.

markets

At A Glance:

  • Futures flat
  • Supply worries
  • Spot gas up

The front-month contract settled at $2.082/MMBtu, less than 1.0 cent above the prior trading day’s settlement after falling as low as $2.041 and moving as high as $2.127 in intraday trade.

NGI’s Spot Natural Gas Avg. gained 19.5 cents to $2.290. Stormy weather across major portions of the U.S. supported widespread regional average price gains.

Mizuho Securities’ Director of Energy Futures Robert Yawger said, “Natural Gas has been flirting with the abyss now for the past week but has...