For all the intraweek volatility in the natural gas forward markets, prices ultimately capped the Nov. 5-11 period moderately higher as chilly weather crept back into the long-range forecast, according to NGI’s Forward Look. Although it’s still unclear whether the cold lasts, Appalachia markets rallied sharply as the expected drop in temperatures coincided with a drop in production and gas flow restrictions in the region because of pipeline maintenance.

After the big swings throughout the week, benchmark Henry Hub moved back above the $3.00/MMBtu mark on increasing export demand. NGI data showed feed gas volumes flowing to U.S. liquefied natural gas (LNG) terminals setting multiple records over the past week, moving to a fresh 10.75 Bcf high on Friday. The stronger volumes...