Natural gas futures on Tuesday advanced a second-straight session amid calls for colder weather patterns, production interruptions and the looming expiration of the prompt month contract. After a steep sell-off last week, traders also stepped back into the market to buy gas at a discount ahead of winter.

West Texas Prices

At A Glance:

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

Following a 24.0-cent rally in the previous session, the November Nymex gas futures contract, which rolls off the board Thursday, settled at $5.613, up 41.4 cents day/day. December rose 41.3 cents to $6.166.

At its low in intraday trading this month, the front month had dipped below the $5.00 handle. Prices this year, however, have tended to rise heading into expiry.

NGI’s...