• After plunging close to $8.50/MMBtu just before the open, natural gas futures clawed most of the way back throughout Friday’s session despite little day/day change in fundamentals. The September Nymex gas futures contract settled at $8.768/MMBtu, down 10.6 cents from Thursday’s close. October fell a steeper 11.9 cents to $8.744.

Spot gas prices continued to strengthen despite the typical demand lull seen during the three-day delivery period. NGI’s Spot Gas National Avg. ticked up 3.0 cents to $8.360.

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No doubt it’s been an interesting week in the gas market. Futures have flown higher much of this week in the face of cooler weather. Early Friday, it appeared the continuingly cooling outlook was finally starting to bring futures prices back down to earth. The September...