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Volatile Natural Gas Futures Rally as Upcoming Mild Break Seen Weaker; Northeast Cash Climbs

Colder weather trends over the weekend and midday helped rally a natural gas futures market attempting to find fair value after last week’s explosive volatility. In the spot market, more cold temperatures in the forecast accompanied big gains in the Northeast, while Northwest Sumas moderated further on signs of constraints easing in British Columbia (BC); the NGI Spot Gas National Avg. picked up 59.0 cents to $4.940/MMBtu.

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More Volatility as Natural Gas Futures Rally on Long-Range Cold Risks, Storage Fears

Natural gas futures rallied Friday to close out a wild week, with forecasters pointing to long-range cold risks that served to exacerbate storage fears. In the spot market, a number of Northeast points gained on a wintry forecast as most regions sold off heading into the weekend; the NGI Spot Gas National Avg. fell 67.0 to $4.350/MMBtu. Read More