After testing some upside in overnight trading, natural gas futures reversed course once Monday’s trading session got underway. The initial rise in prices was attributed to cooler-trending weather models, which ultimately did little to alter the overall warm theme seen this fall. The November Nymex gas futures contract slid 22.0 cents to $5.345. December fell 20.8 cents to $5.502.

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At A Glance:

  • U.S. weather models trend cooler
  • Storage build set to be larger than normal
  • Rockies snow boosting regional cash prices

Spot gas prices popped a bit in the East and out West, though the rest of the country continued to see big decreases amid the mostly mild weather conditions in place. NGI’s Spot Gas National Avg. fell 6.0 cents to $5.065.

Much like the past month, volatility...