Natural gas futures fell on Monday for a fourth consecutive session, succumbing to shifts in fundamentals as production jumped to record levels and forecasts showed fading weather demand in the back half of October.

At A Glance:

  • Benign conditions spread
  • Production tops 103 Bcf/d
  • NGI models 79 Bcf injection

Coming off a 10.8-cent drop on Friday – and a 3% decline last week overall — the November Nymex gas futures contract on Monday settled at $3.109/MMBtu, down 12.7 cents day/day. December shed 10.5 cents to $3.479.

NGI’s Spot Gas National Avg. rebounded from a drop Friday and gained 20.5 cents to $2.065, bolstered in part by regional demand in the Northeast.

[Want to visualize Henry Hub, Houston Ship Channel and Chicago Citygate prices? Check out NGI’s daily natural...