Natural gas markets turned notably quieter this week, with the March contract finishing modestly lower after gapping down on warmer weekend forecasts and then trading in a relatively tight range. The headline was another sizable 249 Bcf storage draw, capping a record three-week withdrawal stretch driven by January’s extreme cold. However, milder weather now dominates the outlook and is expected to ease demand into late February. With winter risk fading and volatility cooling off, the market appears to be settling into a more balanced, wait-and-see posture heading toward spring.
