Natural gas futures pulled back from early highs, still ending the week’s opening session with a gain as near-term cold weather that could prevent surpluses in natural gas inventories from widening further offered some support.


The April Nymex natural gas futures contract settled Monday at $1.703/MMBtu. Prices rallied early to a high of $1.762 but eased to the finish up 4.8 cents from Friday. May futures settled 4.4 cents higher at $1.833.

NGI’s Spot Gas National Avg. rallied 10.0 cents to $1.305 driven by gains across all regions except West TX/SE NM, where the regional average tumbled 86.5 cents to minus $1.090  as strong Permian Basin production of oil and, by extension, associated gas continues to propel supplies in West Texas and depress prices in the...