After a week of only modest changes along the Nymex futures curve, price action on Friday was anything but, as a major natural gas pipeline warned that restrictions it has in place could last through the end of September. The July Nymex gas futures contract started climbing overnight and continued to surge throughout the day, closing the week at $3.296, up 14.7 cents from Thursday’s close. August prices rose 14.5 cents to $3.311.

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At A Glance:

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

Spot gas action was just as significant. Stout gains across much of the country overshadowed losses in the Northeast amid a return of cool weather. NGI’s Spot Gas National Avg. climbed 16.0 cents to $3.060.

Nymex gas prices had maintained the $3.00...