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March Natural Gas Expires Lower as Warmth Dominates Weather Forecasts


March Natural Gas Expires Lower as Warmth Dominates Weather Forecasts
A reversion back to the warm weather pattern that has dominated most of the winter sank March natural gas prices a little more as it rolled off the board. The March Nymex gas futures contract slipped 2.5 cents, expiring at $2.854. The incoming prompt April contract fell a steeper 6.2 cents to $2.795.
Spot gas prices were mixed again. NGI’s Spot Gas National Avg. dropped 2.5 cents to $2.750.
For all the hype about volatility in the March contract ahead of its expiration, price action actually quieted down Wednesday. The prompt month traded in a fairly narrow band amid low volume. Only about 6,600 March contracts were traded on Wednesday, compared with more than 111,000 April contracts. ....

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