Natural gas futures recovered some ground Tuesday as weather models trended a little colder with a blast of chilly air set to arrive in the Midwest and Northeast early next week. Though the backdrop remains largely unsupportive otherwise, the Nymex November gas futures contract settled at $6.596/MMBtu, up 16.1 cents on the day. December futures climbed 14.4 cents to $6.928.

Natural Gas Prices

At A Glance:

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

Spot gas prices were mixed amid sub-freezing temperatures on the East Coast, cold and light snow in the Rockies and strong power burns in the South. NGI’s Spot Gas National Avg. slipped 6.0 cents to $5.490.

Despite the rise in prices along the front of the Nymex futures curve, trading on Tuesday failed to...