• BREAKING: U.S. EIA reports 338 Bcf withdrawal from natural gas storage for the historically cold week ending Feb. 19
  • March Nymex contract expires lower on increasingly warm forecast
  • Cash prices slip further at majority of U.S. hubs

A reversion back to the warm weather pattern that has dominated most of the winter sank March natural gas prices a little more as it rolled off the board. The March Nymex gas futures contract slipped 2.5 cents, expiring at $2.854. The incoming prompt April contract fell a steeper 6.2 cents to $2.795.

EIA storage Feb 19

Spot gas prices were mixed again. NGI’s Spot Gas National Avg. dropped 2.5 cents to $2.750.

For all the hype about volatility in the March contract ahead of its expiration, price action actually quieted down Wednesday. The prompt month traded in a...