Washington (Platts)--6Feb2013/229 pm EST/1929 GMT
The NYMEX March natural gas futures contract was up 4.5 cents at $3.444/MMBtu at 12:38 p.m. EST (1738 GMT), as the market kept an eye on forecasts for colder weather. "[The market is] moving back and forth on changing weather forecasts," TFS Energy Futures trader Gene McGillian said. McGillian said colder temperatures in the forecast have attracted some "fresh technical buying." Article continues below... Request a free trial of: Gas Daily Gas Daily offers the most detailed coverage of natural gas prices at interstate and intrastate pipeline and pooling points in major U.S. markets. Gas Daily keeps you informed about complex state and federal regulations that affect competition in the gas industry.
The NYMEX March natural gas futures contract was up 4.5 cents at $3.444/MMBtu at 12:38 p.m. EST (1738 GMT), as the market kept an eye on forecasts for colder weather. "[The market is] moving back and forth on changing weather forecasts," TFS Energy Futures trader Gene McGillian said. McGillian said colder temperatures in the forecast have attracted some "fresh technical buying."
Article continues below...
Gas Daily offers the most detailed coverage of natural gas prices at interstate and intrastate pipeline and pooling points in major U.S. markets. Gas Daily keeps you informed about complex state and federal regulations that affect competition in the gas industry.
"Right now the market is settling into the value range of $3.20-$3.50/[MMBtu]," he added. The March contract has traded so far Wednesday between $3.398/MMBtu-$3.459/MMBtu.--Anastasia Gnezditskaia, ana_gnezditskaia@platts.com --Edited by Kevin Saville, kevin_saville@platts.com
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