The price of natural gas for delivery next month nosedived on Thursday as traders took profits after a massive four-day rally. The February Nymex gas futures contract settled at $4.270/MMBtu, down 58.7 cents day/day. March dropped 32.2 cents to $4.005. {chart} NGI’s Spot Gas National Avg., in contrast, continued to climb, gaining 89.0 cents to $6.450 on Thursday. The spike built on a 52.5-cent jump a day earlier. The prompt month on Wednesday had soared 60.8 cents, capping a multi-session bull parade that took futures to a 2022 high near $5. Modest production levels, robust demand for U.S. exports of liquefied ... (full story)