Natural gas futures jumped higher on Wednesday, posting a second-consecutive gain as markets focused on forecasts for increased heating needs around mid-November and continued strong demand for U.S. exports of liquefied natural gas (LNG) amid tight global balances.

At A Glance:

  • Futures advance for second straight day
  • Demand outlook strengthens in coming weeks
  • Cash prices climb across most regions

The December Nymex contract settled at $5.670/MMBtu, up 12.8 cents day/day. A daily earlier, the prompt month advanced nearly 36.0 cents. January gained 14.0 cents on Wednesday to $5.780.

NGI’s Spot Gas National Avg. advanced 18.0 cents to $5.490. Cash prices climbed 29.0 cents a day earlier.

The weather data trended milder early Wednesday for the upcoming weekend through the...