After plunging close to $8.50/MMBtu just before the open, natural gas futures clawed most of the way back throughout Friday’s session despite little day/day change in fundamentals. The September Nymex gas futures contract settled at $8.768/MMBtu, down 10.6 cents from Thursday’s close. October fell a steeper 11.9 cents to $8.744.

market

At A Glance:

  • Cooler trends keep coming
  • Bigger storage injections needed
  • Gulf Coast may get heavy rains

Spot gas prices continued to strengthen despite the typical demand lull seen during the three-day delivery period. NGI’s Spot Gas National Avg. ticked up 3.0 cents to $8.360.

No doubt it’s been an interesting week in the gas market. Futures have flown higher much of this week in the face of cooler weather. Early Friday, it appeared the...