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 warmer-than-normal temperatures were forecast to rule with highs of 40s to 60s.

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...