Natural gas prices rebounded with a flurry on Monday, driven higher by surging demand for U.S. exports of liquefied natural gas (LNG) and domestic forecasts for colder weather in the month ahead. The January Nymex gas futures contract settled at $3.834, up 14.4 cents day/day. The prompt month was up more than 20 cents in intraday trading.


At A Glance:

  • Prompt month settles at $2.846
  • Production strong
  • South Texas leads cash higher

The February contract advanced 11.9 cents to $3.758. The gains marked a reversal from cumulative losses over the prior three weeks, including back-to-back declines last Thursday and Friday.

Spot gas action was mixed, with prices up in most regions but down substantially in the volatile Northeast. NGI’s Spot Gas National Avg. was down 75.5 cents to...