natural-gas-futures-retake-$4-as-colder-forecasts-spark-short-covering-rally-—-midday-market-snapshot-–-natural-gas-intelligence

Natural Gas Futures Retake $4 as Colder Forecasts Spark Short-Covering Rally — MidDay Market Snapshot – Natural Gas Intelligence

Published in: MidDay Price Alert Filed under:

Natural gas futures rocketed higher in midday trading Monday on the back of colder forecasts for March indicating the cold winter may revive its assault on Lower 48 natural gas inventories.

a chart showing NGI's Algonquin Citygate midday natural gas spot price

Here’s the latest:

  • April Nymex gas futures were up 29.5 cents at $4.129/MMBtu as of 2:24 p.m. ET

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Chris Newman

Chris Newman joined NGI in October 2023. He worked 18 years at Argus Media, starting in 2004 in Washington, D.C., where he covered U.S. thermal/coking coal markets and rail transportation. In 2014, he moved to Singapore to help lead Argus’ coverage of steel and its raw material feedstocks. A graduate of the University of Virginia, Chris returned to his native Virginia in 2021.

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