• Exports to Mexico hit fresh highs
  • Hike because of lower production, strong power burns and industrial demand
  • LNG exports also near record levels

Natural gas futures resumed their climb on Monday, buoyed by near-record export demand and the arrival of chilly weather. With the latest forecast extending and intensifying the cooler temperatures, the May Nymex contract settled 6.9 cents higher at $2.749. June climbed 6.4 cents to $2.818.

markets

Spot gas prices also moved higher in most areas outside of the Northeast, California and the Desert Southwest. NGI’s Spot Gas National Avg. rose 4.5 cents to $2.590.

Coming off a strong week in which Nymex futures put up gains on all but one day, the cooler shift in the latest weather models added to the momentum. Bespoke Weather Services said...