March is wrapping up with the same old headlines in circulation. US monthly production and LNG feed gas demand is still on track to hit record highs in March, storage in the lower 48 will likely keep seeing injections, and temperatures are still expected to be normal overall in the near term. The 8-14 day outlook did turn a bit cooler though, with some areas likely to be below normal. Temperatures this far out have been bouncing around the normal this past few days, but keep in mind that the normal continues to warm up as time goes on. Lastly, trade-war tensions continue as Trump remains committed to tariffs on Canada’s auto-industry. It’s fair to say that markets are still feeling anxious.

The May front month contract gained 15 cents to settle at $4.07 US/mm, pushing past the $4 threshold once again. As we head into the weekend (when the market is less liquid), prices on Monday will give a better indication of where the market is headed.