Natural gas futures on Tuesday forged ahead a fourth-consecutive session as near-term weather conditions took a bullish turn and domestic production declined amid maintenance events. Festering fears about European supply woes added upward price pressure.

Midwest Prices

At A Glance:

  • Production falls to 97 Bcf/d
  • Forecasts for mixed demand
  • NGI models draw of 41 Bcf

Coming off a 25.3-cent rally on Monday – and gains over the two prior sessions last week — the October Nymex gas futures contract rose 3.5 cents day/day and settled at $8.284/MMBtu. November ticked up 4.7 cents to $8.334.

NGI’s Spot Gas National Avg. advanced a second straight day, gaining 25.5 cents to $7.875.

Wood Mackenzie analysts said the firm’s production data Tuesday showed “a significant decline,” falling more...