Market Watch

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After starting the week with a 7% rally, the April Nymex gas futures contract pulled back slightly Tuesday to settle at $2.573 per million Btu, down 3.3¢. “The natural gas market is still in an impressive recovery mode,” Price Futures Group analyst Phil Flynn said in a report Tuesday. “Cold weather, along with LNG export expectations rising, are giving the market a boost.” But Gelber & Associates said once the current winter storm passes, “weather will remain relatively mild as we push into summer. Furthermore, warm temperatures are expected to linger with climate patterns moving into the current El Nino formation.”

Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
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