Natural gas futures pushed higher a second straight day as wintry weather canvassed the Midwest and Northeast – key natural gas demand regions – fueling consumption and supporting prices. The December Nymex gas futures contract gained 10.1 cents day/day and settled at $6.034/MMBtu. January rose 9.6 cents to $6.395.


At A Glance:

  • EIA reports 90 Bcf injection
  • Forecast mostly mild for October
  • East Coast cash tanks

NGI’s Spot Gas National Avg., meanwhile, shed 17.0 cents to $6.170, effectively leveling off after outsized gains a day earlier. Cash prices had surged an average $1.415 on Monday amid the intensifying cold.

National Weather Service (NWS) data showed below-average temperatures spanning from the northern Rockies and Plains across much of the Midwest into the Great...