• BREAKING: U.S. EIA reports smaller-than-expected 171 Bcf withdrawal from natural gas storage inventories for week ending Feb. 5
  • Deep freeze stalls, boosting late-February demand as polar air seen slow to exit
  • Cash mounts multi-dollar gains amid sub-zero temperatures

Intraday natural gas price volatility was on full display midweek as traders assessed the impacts of a substantial, though likely temporary, decline in export demand and the potential for a more moderate end-of-February following some of the coldest weather in years. After tumbling to a $2.741/MMBtu intraday low, the March Nymex gas futures contract bounced and eventually settled 7.6 cents higher at $2.911. April tacked on 5.6 cents to reach $2.879.

EIA storage feb 5

Spot gas prices mounted some of the largest gains in years as the...