Natural gas futures fell for the fourth time in five sessions on Thursday, following a bearish storage print and continued calls for warmer weather to start the year ahead. The January Nymex gas futures contract settled at $4.999/MMBtu, down 33.3 cents day/day. February fell 31.0 cents to $4.928.

At A Glance:

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

NGI’s Spot Gas National Avg. climbed on Thursday, adding 51.5 cents to $16.580. Cash prices held in lofty territory after spiking nearly $7.00 the day before as a fierce Arctic chill spread across much of the Lower 48. Snow and ice storms were underway Thursday across the Midwest, and National Weather Service (NWS) data pointed to such conditions spreading to the East and South by...