• EIA reported an injection of 8 Bcf natural gas into storage
  • Further improvement in weather-driven demand fueled gains
  • Continued strong LNG levels also provided price support

Further gradual improvement in weather-driven demand expectations and continued strength in export levels offset a bearish storage report and boosted natural gas futures on Friday. 

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The December Nymex contract gained 1.9 cents day/day and settled at $2.995/MMBtu. It had climbed as much as 10 cents higher in morning trading. January rose 2.8 cents to $3.122.

NGI’s Spot Gas National Avg. dipped 6.5 cents to $2.600 after posting gains each of the four previous days.

The U.S. Energy Information Administration (EIA) reported an injection of 8 Bcf into storage for the week ending Nov. 6. The result was...