After Thursday’s bloodbath, natural gas futures rebounded a bit on Friday even as weather models continued to add warmth to the December outlook. The January Nymex gas futures contract finished the week at $2.575/MMBtu, up 6.8 cents day/day. February picked up 7.1 cents to reach $2.586.

Permian highway

Spot gas prices were mixed, with the most notable changes occurring in the Northeast ahead of a quick-moving cold blast. NGI’s Spot Gas National Avg. picked up 5.5 cents to $2.530.

Natural gas traders waking up Friday morning may have had their heads still spinning from Thursday’s dizzying tumble in the futures markets. The prompt month was down nearly 20 cents soon after the open in what EBW Analytics Group characterized as “panic-selling” after the latest weather models trended even...