• Cold front, strong LNG combine to lift natural gas futures again
  • Early estimates point to storage build in high 60s Bcf later this week
  • President Biden to host virtual summit on climate change for global leaders

Natural gas futures advanced for a fourth consecutive session on Monday as a bout of chilly spring weather was forecast to sweep across large swaths of the Lower 48, likely providing a boost for demand and cash prices.

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The May Nymex contract settled at $2.561/MMBtu, up 3.5 cents day/day. June climbed 3.8 cents to $2.643.

As improved weather-driven demand loomed, spot gas prices ticked up as well. NGI’s Spot Gas National Avg. advanced 11.5 cents to $2.380 to start the week.

Solid liquefied natural gas (LNG) levels added further support. LNG feed gas volumes...