US February Gas Futures Settle in Mid-$5.50s Before March Retreats

摘要

US natural gas continued to roil last week, with the newly minted March prompt month taking a 9.6% tumble to land in the mid-$4.90s going into the weekend. The two-day plunge eradicated Wednesday's spectacular gains — when it was pulled up 52.4￠ by the expiring February contract. However, bulls still can take solace that March settled 22￠ above Friday's session low of $4,721.