Save for later Print Download Share LinkedIn Twitter February gas futures cracked $4 per million Btu resistance Monday to close up 2.8¢ at $4.027/MMBtu, perhaps heralding a rally into expiry on Thursday. But the real story could be the surge by the forward curve. Spring and summer 2022 contracts all jumped more than 9¢ as traders processed news that February may see more than milquetoast demand, which would lower inventories exiting winter. The 12-month strip rose 8.1¢ to $4.015; the 2023 calendar strip gained 2.8¢ to $3.50 (Futures contracts).
