Natural gas futures advanced for a third consecutive session on Tuesday, led higher by mounting levels of U.S. exports, as well as continued expectations for robust domestic demand and increased storage withdrawals. The February Nymex gas futures contract gained 17.0 cents day/day and closed at $4.249/MMBtu. March rose 13.4 cents to $3.968.

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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., in contrast, dropped 87.0 cents on Tuesday to $5.035 as temperatures were expected to temporarily rise this week. Cash prices had climbed 33.5 cents on Monday.

U.S. forecasters said that, after seasonally mild conditions in the Midwest and East beginning Wednesday and extending through the trading week,...