With Gulf Coast liquefied natural gas (LNG) facilities unscathed by Hurricane Delta, export demand’s quick rebound combined with a chillier forecast to send natural gas futures sharply higher Monday. The November Nymex gas futures contract jumped 14.0 cents to settle at $2.881. December climbed 6.7 cents to $3.271.

PM market

Spot gas prices also posted stout increases across most of the United States. NGI’s Spot Gas National Avg. shot up 61.0 cents to $1.920.

Monday marked the fourth consecutive day of gains for Nymex futures and could kick off a sustained rally in natural gas prices over the coming months.

Several factors are working in favor of bulls at the moment. On the demand side, LNG feed gas volumes started to climb over the weekend and made a huge jump Monday. Deliveries...