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U.S. Natural Gas Futures Gain Ground in Choppy Trade - Barron's

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U.S. Natural Gas Futures Gain Ground in Choppy Trade

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52 min ago

Natural gas futures settle higher in a choppy session with participants weighing the impact of lower production against bearishly warm weather forecasts that are likely to increase storage surpluses through the end of the heating season.

"The weather will continue to be the primary short-term story, and the production cuts will change the trajectory of the market, but really over the longer term," Eli Rubin of EBW Analytics says.

He estimates the storage surplus--currently near 500 billion cubic feet--will peak around 700 Bcf. Natural gas for April delivery settles up 4 cents or 2.1% at $1.957/mmBtu after briefly touching the $2 mark for the first time in a month.

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