US Natgas Stuck Below $3, Cold Sets Floor at $2.80

摘要

US February natural gas futures ended a volatile week jumping 5.3% into the upper $2.90s, although the contract lost 4.5% for the week as it heads toward an uncertain expiration on Wednesday. The prompt month see-sawed last week, posting double-digit gains and losses daily as it gyrated between support around $2.80 and resistance around $3. And each swing was set off by near-term weather forecasts that alternately turned a bit warmer, then cooler.