• Expectations for near-record warmth overshadowed other news
  • Researchers announced a key milestone in the search for a coronavirus vaccine
  • Spot prices rebounded after a week-long slump

Expectations for near-record warmth in November overshadowed the dose of certainty injected with a presidential election result over the weekend and news of a key milestone in the search for a coronavirus vaccine, sending natural gas futures lower on Monday. The decline marked a sixth straight day of losses.

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The December Nymex contract fell 2.9 cents day/day and settled at $2.859/MMBtu on Monday. The prompt month lost more than 46 cents last week. January declined 3.2 cents to $2.999.

After slumping throughout the previous week, cash prices rebounded Monday. NGI’s Spot Gas National Avg. jumped...