There was no getting off the world’s scariest roller coaster on Wednesday. After blasting to a $6.466/MMBtu intraday high, November natural gas prices plummeted all the way back down to $5.663. The prompt Nymex contract ultimately settled at $5.675, off 63.7 cents from Tuesday’s close. December plunged to $5.803.

storage Oct. 7

At A Glance:

  • BREAKING: U.S. EIA reports 118 Bcf build for week ending Oct. 1
  • European market drags prices lower
  • Cash prices lower, but Rockies to get first snow

Spot gas prices also tumbled from prior day highs amid a moderate temperature forecast for much of the Lower 48. NGI’s Spot Gas National Avg. slid 25.5 cents to $5.715.

In yet another erratic day of trading for Nymex futures, it appears bearish domestic fundamentals and some technical factors got the...