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Weather Models Warm as Natural Gas Futures Retreat; ERCOT Makes ‘Significant Progress’ in Power Restoration

Weather Models Warm as Natural Gas Futures Retreat; ERCOT Makes ‘Significant Progress’ in Power Restoration

As overnight weather data shifted warmer, and as traders mulled the implications of an export ban out of Texas, natural gas futures pulled back a few cents in early trading Thursday. The March Nymex contract was down 4.3 cents to $3.176/MMBtu at around 8:50 a.m. ET. The major weather models trended warmer overnight, lowering demand…

February 18, 2021