Natural gas futures see-sawed in a narrow range of gains and losses through much of trading Wednesday, but the prompt month ultimately climbed for a third consecutive day as demand looked to outstrip supply.

At A Glance:

  • Maintenance further curbs output
  • LNG volumes muster momentum
  • Hot weather drives steady demand

The June Nymex gas futures contract settled at $8.368/MMBtu, up 6.4 cents day/day. July rose 6.1 cents to $8.455.

NGI’s Spot Gas National Avg. advanced 14.5 cents to $8.135, extending a win streak spanning the trading week to date.

Futures and cash prices have gained as production has lagged.

Output fell a third day to about 93.7 Bcf, according to Bloomberg’s estimate. Production was down 1% day/day and held well below the 97 Bcf high of recent months....