• Meteorologists anticiapte a late-month surge in frigid temperatures
  • LNG volumes held near 11 Bcf amid strong demand from Asia
  • Spot prices declined as mild temperatures spanned much of the Lower 48

Natural gas futures slipped early on Monday following forecasts for mild weather and diminished heating demand. However, they rebounded in afternoon trading and finished in the green amid anticipation of a late-month surge in frigid temperatures.

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The February Nymex gas futures contract settled at $2.747/MMBtu, up 4.7 cents day/day after falling more than 10 cents in morning trading. March gained 4.7 cents to $2.703.

With conditions mostly mild Monday, NGI’s Spot Gas National Avg. shed 3.5 cents to $2.745.

“The forecast continued its warming trend over the weekend, due to a...