Natural gas futures jumped Wednesday as traders looked ahead to below-normal temperatures for most of the country in late November and a rare double dose of weekly government storage data Thursday.

At A Glance:

  • Prompt month adds 8.4 cents
  • Rockies, California lead cash gains
  • NGI estimates 9 Bcf draw, 43 Bcf injection

The December Nymex natural gas futures contract rose 8.4 cents day/day to settle at $3.190/MMBtu. January gained 4.6 cents to $3.362.

NGI’s Spot Gas National Avg. slipped 1.0 cent to $3.045, as gains in California, the Rockies and Texas were offset by declines in the Midwest, Appalachia and Northeast. South Central production tumbled Tuesday, sending supportive ripples across western gas markets that continued to be felt Wednesday.

Permian Basin production,...