Natural gas futures started off Friday fairly steady as the market continued to monitor the weather data for any convincing evidence that colder temperatures could arrive before the calendar flips to 2022. Traders got just that with the midday models, which ultimately sent the January Nymex futures contract up 11.1 cents day/day to $3.925/MMBtu. February settled 10.5 cents higher at $3.889.

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At A Glance:

  • Weather data could get even colder
  • Salt inventory data signals support
  • Power burns lift cash

Spot gas prices also rebounded across most of the United States. However, steep losses in California and the Rockies sent NGI’s Spot Gas National Avg. down 4.0 cents to $3.720.

With the weeks winding down to the holiday season, gas bulls have been waiting to pounce, looking for any...