Natural gas forward prices pushed higher during the March 13-19 trading period, supported by outlooks for tighter market balances into the second half of the year.
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April fixed prices for all North American hubs rose by an average 6.7 cents during the period, NGI’s Forward Look data show.
Moving counter to the uptrend, near-term prices fell in West Texas and the Northeast. Permian Basin benchmark Waha shed 32.8 cents week/week to 0.7 cents for April delivery. El Paso Permian fell 29.6 cents to 2.8 cents.