• Liquefied natural gas levels held strong
  • Production also remained at high levels
  • Weather and the pandemic were wildcards

Natural gas futures climbed higher Monday as export levels held strong, prospects for weather-driven demand improved slightly and continued positive news on the coronavirus vaccine front bolstered confidence across markets.

markets

The December Nymex contract gained 6.1 cents day/day to start the abbreviated trading week and settled at $2.711/MMBtu. January rose 5.3 cents to $2.823.

NGI’s Spot Gas National Avg., meanwhile, advanced 24.0 cents to $2.430 as a blast of cold hit parts of the northern United States and fueled demand.

Lower 48 production over the weekend and into Monday hovered around 90 Bcf/day, near six-month highs. On the demand side, liquefied...