Natural gas futures price action quieted down a bit Friday, no doubt with traders’ heads still spinning from the prior day’s wild swings. The July Nymex gas futures contract settled 3.8 cents higher to end the week, at $8.523/MMBtu. August futures picked up 3.6 cents to reach $8.510.


At A Glance:

  • Stronger injections needed asap
  • Higher prices, volatility seen remaining
  • Mild weekend temps sink cash prices

Spot gas prices retreated after several days in the green, with a moderate outlook for the three-day period through Monday. NGI’s Spot Gas National Avg. plunged 48.0 cents to $7.895.

With weather models trending slightly cooler for next week, it appears that Friday’s modest price rally was likely inspired by the ongoing digestion of the latest storage data.