February Nymex natural gas closed up by +4.56% on Friday, as prices surged ahead of a historic winter storm hitting the US. The storm is expected to bring frigid temperatures to over 150 million people across 24 states, potentially disrupting gas production. Texas, a key gas production area, faces increased risk of outages. The EIA cut its forecast for US nat-gas production, supporting prices. Nat-gas inventories fell by -120 bcf, signaling ample supplies. Baker Hughes reported 122 active US gas drilling rigs, slightly below recent highs. The market remains volatile due to the approaching storm.

Read more at Yahoo Finance: Nat-Gas Prices Underpinned by a Historic US Winter Storm