Natural gas futures fell again Monday, extending losses from the prior week as forecasts pointed to more mild weather and LNG volumes continued to prove turbulent. The November Nymex gas futures contract settled at $2.840/MMBtu, down 8.9 cents day/day. December fell 7.9 cents to $3.233.

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At A Glance:

  • Mild temperatures ahead
  • Production ticks lower
  • NGI sees 92 Bcf injection

NGI’s Spot Gas National Avg., meanwhile, rebounded Monday and gained 17.0 cents to $2.210, bolstered by a burst of heat spanning multiple regions to start the week.

Both cash prices and futures lost ground Friday to close out September trading.

NatGasWeather said cooling demand had begun to ease in parts of the South and benign temperatures across the North would likely deter the onset of sustained...