Boosted by late-season heat, domestic storage concerns and robust global demand, natural gas futures on Wednesday rallied for a fifth-straight session. The October Nymex gas futures contract spiked 83.0 cents day/day and settled at $9.114/MMBtu, marking its biggest jump in the latest bull run. November gained 83.3 cents to $9.167.

At A Glance:

  • Demand drivers firmly intact
  • Prompt month jumps 83 cents
  • Cash climbs a third session

NGI’s Spot Gas National Avg. rose 28.0 cents to $8.155, extending its rally to three days amid a reemergence of summer warmth in the nation’s midsection.

The natural gas market has been moving “from strength to strength,” analysts at Evercore ISI said Wednesday

They noted robust demand for U.S. LNG exports – hovering near capacity – as...