• Weather models trend cooler over into Monday, keep heat out West
  • LNG demand gaining momentum, but production also higher
  • Cash prices soar as hotter weather moves back into key demand regions

Natural gas futures retreated Monday in a move that was not completely unexpected given the quick pace at which prices rallied last week. With pressure from cooler weather outlooks and weaker power burns, the September Nymex natural gas futures contract settled 8.5 cents lower at $2.153. October fell 8.9 cents to $2.287.

market

Cash prices, however, bounced a bit after the weekend, leading NGI’s Spot Gas National Avg. up 15.5 cents to $1.950.

On the futures front, bullish sentiment is building for natural gas, although analysts expect volatility to remain front and center over the next...