• U.S. liquefied natural gas demand strengthened
  • Hurricane Sally barreled to the Gulf of Mexico, compelling production shut-ins
  • Cash prices climbed as temperatures sizzled in the West

Natural gas futures advanced on Monday as U.S. liquefied natural gas (LNG) demand strengthened and Hurricane Sally barreled to the Gulf of Mexico (GOM), compelling production shut-ins.

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The October Nymex contract climbed 4.1 cents day/day and settled at $2.310/MMBtu. November, however, declined four-tenths of a cent to $2.740.

Spot gas prices jumped as temperatures sizzled out West. NGI’s Spot Gas National Avg. rose 22.5 cents to $1.910.

Forecasters said Sally could strike the coasts of Mississippi and Alabama on Tuesday, while the southeast coast of Louisiana was also susceptible. The storm...