A balmy weather outlook that was seen potentially extending through the first third of December weighed heavily on natural gas market sentiment during the Nov. 12-18 period, sending forward prices crashing down by an average of 36.0 cents, according to NGI’s Forward Look.

Similar to the prior week, the steepest losses occurred in Appalachia. However, this time, the declines extended farther downstream into the Northeast, where warm conditions were on track to expand late this week.

Transco Zone 6 non-NY December prices dropped 50.0 cents from Nov. 12-18 to reach $2.358, while the balance of winter (December-March) fell 42.0 cents to $3.210, Forward Look data show. Prices for next summer (April-March) slid 17.0 cents to $2.180, and the winter 2021-2022 strip slipped 14.0 cents...