Natural gas futures rebounded Thursday amid bullish shifts in weather conditions and a lighter-than-expected storage injection — and despite widespread power losses in Florida as Tropical Storm Nicole wreaked havoc on the state’s Atlantic coast as well as inland markets.

Natural Gas Storage

At A Glance:

  • Production at 96.5 Bcf/d
  • Uneven weather outlook
  • Storage situation improves

After plunging more than $1.00 over the two previous sessions – when weather was benign — the December Nymex natural gas futures contract on Thursday advanced 37.4 cents day/day and settled at $6.239/MMBtu. January gained 38.8 cents to $6.613.

NGI’s Spot Gas National Avg. jumped $1.140 to $4.925, bouncing back from its own two-day slump.

The Energy Information Administration (EIA) on Thursday reported a 79 Bcf...