March Nymex natural gas closed higher on Friday due to colder US weather forecasts. Nat-gas prices initially dropped on warmer forecasts but rebounded. US dry gas production and demand were up and down, with LNG net flows to US terminals down slightly. Higher US nat-gas production projections are bearish for prices.

Natural gas prices hit a 3-year high due to Arctic cold weather disruptions in January. Freeze-ups caused a 15% production loss. Edison Electric Institute reported increased US electricity output, a bullish factor for gas prices. Thursday’s EIA report showed a smaller-than-expected draw on nat-gas inventories, signaling tight supplies in the market.

Read more at Yahoo Finance: Nat-Gas Prices Recover as Cold US Weather Forecast to Return