Natural gas futures on Monday finished in positive territory for the first time in nine sessions, supported by expectations of wintry weather in the North this week and the potential for greater heating demand in the month ahead. 

At A Glance:

  • Output exceeds 103 Bcf/d
  • Northern demand looms
  • NGI models 79 Bcf injection

After dropping 17% over the span of its recent malaise, the November Nymex gas futures contract on Monday gained 2.7 cents day/day and settled at $2.926/MMBtu. December rose 1.5 cents to $3.273.

NGI’s Spot Gas National Avg. advanced 5.5 cents to $2.045.

[Want to visualize Henry Hub, Houston Ship Channel and Chicago Citygate prices? Check out NGI’s daily natural gas price snapshot now.]

While benign conditions are still expected for much of the Lower 48...