Natural gas futures advanced Friday as traders shrugged off a disappointing government inventory report and focused instead on robust heating demand, as well as forecasts for additional blasts of freezing weather later in January.
The February Nymex gas futures contract gained 10.4 cents day/day and settled at $3.916/MMBtu. March climbed 5.6 cents to $3.726. NGI’s Spot Gas National Avg. shed 69.0 cents to $5.570, but only after soaring nearly $2.00 over the two prior days.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.