Highlights Prompt-month contract climbs 26 cents to low $2.80s Prices up 40+ cents from late-January low February outlook predicts colder temps for Midwest Prompt futures prices at the Henry Hub rallied in Feb. 1 trading as near-term weather forecasts turned bullish, predicting significantly colder temperatures over the next month than previously anticipated. At mid-session, the NYMEX March contract was up nearly 30 cents, or about 10%, to the mid-$2.80s/MMBtu. In the cash market, Henry Hub gas prices also moved sharply higher, rising almost 20 cents to $2.86/MMBtu, data from CME Group and Intercontinental Exchange showed. The dramatic turnaround in gas prices, which dipped into the low-$2.40s in late January, comes as forecasts from the National Weather Service and others foreshadow a bullish turn for the gas market. In February, more than 25 states stretching from California to […]