Natural gas futures on Thursday snapped a four-day losing streak, pushed higher by hints of colder weather, solid demand for U.S. exports and gains in European prices. The December Nymex contract settled at $5.149/MMBtu, up 26.9 cents day/day. January jumped 27.1 cents to $5.245.

At A Glance:

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

NGI’s Spot Gas National Avg. snapped a five-day slump, gaining 18.0 cents to $4.595 as colder weather was poised to move across the East.

The American Global Forecast System (GFS) forecast pointed to ongoing mild weather across much of the Lower 48 in the back half of November – a key driver of downward pressure on futures in recent sessions. However, NatGasWeather noted, the European weather model...