Stronger cash prices, short-covering and caffeine following late-night celebrations as the Houston Astros swept the New York Yankees to advance to their fourth World Series in six years. Those were among the myriad reasons market observers gave for Monday’s recovery along the Nymex natural gas futures curve.

At A Glance:

  • HDDs added to long-range forecasts
  • Winter risk write-off may be too soon
  • Cash rebounds despite light demand

After falling for six straight trading sessions, the November Nymex contract settled at $5.199/MMBtu, up 24.0 cents from Friday’s close. December futures climbed 28.1 cents to $5.753.

Spot gas prices also bounced off pre-weekend lows, lifting NGI’s Spot Gas National Avg. 46.0 cents to $4.165.

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