Market Open: Competing Fundamentals, War in Iran Drive Natural Gas Futures Trade
To cap a rollercoaster but mostly bullish week of trading, natural gas futures probed higher to start Friday. Market participants weighed waning weather demand and strong production against solid LNG activity, a widened storage deficit and the uncertainties imposed by war in the Middle East. The April Nymex gas futures contract climbed 8.2 cents to $3.085/MMBtu just before 8:30 a.m. ET.

At A Glance:
- Production hangs near 110 Bcf/d
- Exports, weather demand key
- Storage deficit increases to 2.2%