• Futures rallied throughout the abbreviated trading week
  • EIA reported a pull of 18 Bcf from gas storage
  • The first third of December could be slightly colder than norms

With forecasts hinting at the potential for colder temperatures to move into the United States around the middle of December, natural gas futures rebounded in early trading Monday. After tumbling 11.8 cents in Black Friday trading, the January Nymex contract was up 8.3 cents to $2.926/MMBtu at around 8:45 a.m. ET.

storage

Natural gas futures rallied a third consecutive day in the short holiday week, as markets digested a storage decrease and hints of stronger demand before the December contract rolled off the board as the prompt month at the close of trading Wednesday.

The December Nymex contract jumped 12.1 cents...