Natural gas futures on Wednesday snapped a four-day losing streak, though barely, after trading in a narrow range most of the session. Rebounding liquified natural gas (LNG) export volumes offset domestic demand forecasts that held in bearish territory.

At A Glance:

  • Futures snap four-day slide
  • Analysts expect storage build in 70s-80s Bcf
  • Weather forecasts remain bearish

The October Nymex contract settled at $4.805/MMBtu, flat with the prior day. November eked out a 1.3-cent advance to $4.855.

Spot gas prices extended a slump dating to last week. NGI’s Spot Gas National Avg. shed 7.0 cents to $4.680.

Freeport LNG in Texas largely resolved production issues after former Hurricane Nicholas knocked out power last week. This helped to drive up LNG feed gas levels to 10 Bcf...