Natural gas futures found fresh footing Monday for the first time in six sessions, supported by a cold shift in late November forecasts, while bears eyed next opportunities with supply still ample and another potential disruption at the Freeport LNG facility in Texas.

At A Glance:

  • Prompt month ends five-session slide
  • Production jumps near 106 Bcf/d
  • NGI estimates 9 Bcf draw and 43 Bcf injection

The December Nymex natural gas futures contract jumped 16.4 cents day/day to settle at $3.197/MMBtu. January rose 11.6 cents to settle at $3.400.

NGI’s Spot Gas National Avg. catapulted 42.5 cents higher day/day to average $2.650, led by increases in the Rockies. But gains were widespread across regions, except for West Texas dealing with pipeline maintenance.

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