Natural gas futures prices flew higher once again on Thursday, rallying a fourth consecutive day on cold weather and mounting demand that pointed to steep storage withdrawals following what analysts expect was the last reported injection of the year.

At A Glance:

  • Production falls to 97 Bcf/d
  • Forecasts for mixed demand
  • NGI models draw of 41 Bcf

The December Nymex natural gas futures contract settled at $6.369/MMBtu, up 16.9 cents day/day. January climbed 13.7 cents to $6.744.

NGI’s Spot Gas National Avg. followed suit, gaining 38.5 cents to $6.545.

[Want to visualize Henry Hub, Houston Ship Channel and Chicago Citygate prices? Check out NGI’s daily natural gas price snapshot now.]

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 64...