Natural gas futures volatility continued ahead of contract expirations this week, with the May Nymex contract up early as freeze-offs in the Rockies over the weekend dented production. The prompt month traded in a nearly 50.0-cent range before settling Monday at $6.669/MMBtu, up 13.5 cents from Friday’s close. June futures rose 14.2 cents to $6.805.

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At A Glance:

  • Production falls to 97 Bcf/d
  • Forecasts for mixed demand
  • NGI models draw of 41 Bcf

Spot gas prices rebounded on Monday ahead of a chilly late-season weather system arriving in the country’s midsection. NGI’s Spot Gas National Avg. bumped up 27.0 cents to $6.465.

After a huge downturn along the Nymex futures curve last week, the May contract was up early in Monday’s session. That followed some unseasonably cold...