Natural gas futures fell for the third time this week after the latest government inventory data showed the biggest boost to underground storage this year, reflecting waning demand and robust production. The October Nymex gas futures contract dropped 69.0 cents day/day and settled at $7.089/MMBtu. November fell 63.4 cents to $7.193.

At A Glance:

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

NGI’s Spot Gas National Avg. shed 45.5 cents to $6.385 as cooler weather arrived along with the official start of autumn on Thursday.

National Weather Service (NWS) data showed comfortable high temperatures ranging from the high 60s to the low 80s across large swaths of the Lower 48 on Thursday, from California to the Midwest to the Northeast. More of...