North American natural gas futures were up and down this week as the prompt month changed hands, but remained above the $9/MMBtu mark.


On Wednesday, the October Nymex gas futures contract rose 8.5 cents day/day to settle at $9.127. November futures climbed 8.6 cents to $9.189.

“The market has certainly been very resilient, with any bearish data being shrugged off rather easily,” NatGasWeather said Thursday after an in-line U.S. storage print failed to deflate prices. “One reason for that may be that power burns have looked quite impressive on a weather-adjusted basis this week, pointing to a lower injection in next week’s report than previously anticipated.”

Strong gas production in the United States, coupled with easing prices in Europe, helped keep natural gas...