Fueled by a potential wintertime energy shortage overseas, U.S. natural gas forward prices rebounded sharply from the prior week’s bruising. November prices surged by an average 42.0 cents during the trading period from Sept. 23-29, while the winter strip (November-March) jumped 49.0 cents on average, according to NGI’s Forward Look.

Gains at the front of the curve occurred amid wild price action along the Nymex futures strip. The October contract hit a $6.280 intraday high on Tuesday before rolling off the board at $5.841. The November contract, meanwhile, tumbled in dramatic fashion on its first day in the prompt position in an apparent disconnect from global supply concerns. November settled Wednesday at $5.477, one day after soaring to a $6.318 intraday high.

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