Like roses on Valentine’s Day, natural gas futures opened the week in the red as weather models trended warmer with the forecast for the next week or so. With production near recent highs and storage surpluses set to grow in the coming weeks, the March Nymex gas futures contract settled Monday at $2.405/MMBtu, off 10.9 cents from Friday’s close. April futures fell 10.8 cents to $2.499.

At A Glance:

  • Cold seen for late February
  • Freeport seeks restart approval
  • Western cash up on wintry mix

Spot gas prices shifted very little from Friday, except out West, where another winter storm was set to unleash precipitation and chilly weather. NGI’s Spot Gas National Avg. climbed 14.0 cents to $2.860.

Coming off a week in which the Nymex curve logged four days in the black, futures...