Natural gas futures on Monday advanced for a third consecutive session, propelled by festering worries about winter storage inadequacy. The October Nymex gas futures contract jumped 25.3 cents day/day and settled at $8.249/MMBtu. November rose 24.3 cents to $8.287.

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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. followed suit, gaining 18.5 cents to $7.620.

“The storage situation is definitely not going away – unless we start to get a lot bigger injections over the next few weeks,” StoneX Financial Inc.’s Thomas Saal, senior vice president of energy, told NGI.  

The U.S. Energy Information Administration (EIA) last Thursday reported an injection of 54 Bcf natural gas into storage for the...