The selloff continued for the majority of U.S. natural gas forward markets in the final week of March as production proved too lofty amid declining weather-driven demand and healthy inventory levels. 

The April contract rolled off the board between 10 and 20 cents lower, while the May contract – which took over the prompt-month position on Thursday – shed less than a dime at most locations, according to NGI’s Forward Look.

The moves aligned with the price declines seen along the Nymex futures. Benchmark Henry Hub’s April forward contract slipped just below $2.00 upon expiration. On Thursday, the newly prompt May contract lost another 8.0 cents to settle at $2.104.

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