Natural gas futures on Tuesday forged ahead for the first time in three sessions, supported by production interruptions, cash market strength and expectations for a relatively modest storage injection.

Natural gas production

At A Glance:

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

Following an 8.9-cent drop in the previous session, the November Nymex gas futures contract gained 10.9 cents day/day and settled at $2.949/MMBtu. December advanced 8.0 cents to $3.313.

NGI’s Spot Gas National Avg. rose 14.5 cents to $2.355.

Despite seasonally warm temperatures across much of the Lower 48 – and benign conditions for natural gas consumption – the potential for a chilly weekend ahead provided the possibility for a brief bout of heating demand in the near term....