• LNG export levels on Friday topped 11 Bcf
  • A bearish storage report added to uncertainty
  • Cash prices fell as temperatures rose

Natural gas futures drifted lower for a third consecutive session on Friday as mild fall weather and a heaping of uncertainty created by an exceptionally bearish government inventory report countered optimism about export momentum and the trajectory of the U.S. economy.

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The April Nymex contract settled at $2.701/MMBtu, down 4.5 cents day/day. May fell 4.2 cents to $2.739.

NGI’s Spot Gas National Avg. shed 25.0 cents to $2.755.

Liquefied natural gas (LNG) export levels on Friday topped 11 Bcf, hanging near record levels after rebounding from the interruptions imposed by the Arctic storm and frigid temperatures that derailed the Texas energy...