Winter Gas Contracts Adopt $2 Handle as Supply Crunch Eases

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Traders goosed the February gas futures contract 16.5¢ higher at settlement to $3.109 per million Btu in light volume Friday, its last day of trading. Meanwhile, the March contract, where most of the day's volume was concentrated, went up 0.1¢ to $2.849/MMBtu — 2.9¢ below the April contract — amid signs that concerns about a near-term supply crunch have vanished.

Gas Prices, Gas Supply, Gas Demand, Gas Inventories
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