U.S. natural gas futures settled lower as the market looked beyond the wind and snow hitting the Northeast to warmer-than-normal weather forecasts moving into March.
U.S. natural gas futures rose on expectations that a cold spell across the Midwest and eastern U.S. will lift demand at the weekend and into early next week.
U.S. natural gas futures were lower with the market looking beyond the current cold snap to warmer weather in March and this week’s storage report that’s expected to sharply reduce the deficit over the five-year average.