Natural gas futures fell for a second consecutive session Wednesday as a powerful storm approached the Southeast, threatening power outages, while traders braced for another plump storage increase and the delayed return of a key export facility.

Natural Gas Storage

At A Glance:

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

Coming off an 80.6-cent slump Tuesday, the December Nymex gas futures contract shed 27.3 cents day/day to settle at $5.865/MMBtu on Wednesday. January fell 29.9 cents to $6.225.

NGI’s Spot Gas National Avg. lost 14.5 cents to $3.785.

Looming cold fronts and flat production this week around 99 Bcf/d favored bulls, NatGasWeather noted, with forecasts Wednesday showing a substantial shift toward wintry weather beginning this weekend and...