• Cold air boosted near-term demand, but outlook cloudy
  • LNG feed gas volumes continued to improve
  • Spot prices advances a fourth straight day

Natural gas futures traded in a narrow range of gains and losses throughout most of Thursday’s session, as traders awaited more clarity on weather and storage levels.

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The December Nymex contract ultimately dipped lower late in the session and shed 5.5 cents day/day to settle at $2.976/MMBtu on Thursday. January fell 5.7 cents to $3.094.

The prompt month had gained about 17 cents over the two previous days, thanks to colder turns in weather forecasts. Wednesday’s close had marked the first settlement above $3.00 in seven sessions.

NGI’s Spot Gas National Avg. climbed 8.0 cents to $2.665 on Thursday, extending its win streak to four...