After steep drops the three prior sessions, natural gas futures bounced back Thursday, as traders digested a bullish inventory report – relative to historic norms – that reminded how strong demand proved over the bulk of summer. 

At A Glance:

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

The October Nymex gas futures contract climbed 7.3 cents day/day and settled at $7.915/MMBtu. November gained 7.0 cents to $7.971.

NGI’s Spot Gas National Avg., however, shed 11.5 cents to $7.810.

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