Natural gas futures faltered on Monday, extending to three days a losing streak that materialized alongside forecasts for cooler temperatures and moderating demand.    

NGI Storage Snapshot

The October Nymex contract dropped 12.0 cents day/day and settled at $4.985/MMBtu. November fell 12.4 cents to $5.022.

At A Glance:

  • Futures fall amid autumn weather
  • Forecasts call for mild conditions
  • Global supplies remain tight

NGI’s Spot Gas National Avg. shed 6.0 cents to $5.090.

Bespoke Weather Services said its outlook for weather-driven demand trended lower over the weekend – following similar shifts late last week — a result of declines in both projected cooling degree days (CDD) and heating degree days (HDD) in the 15-day outlook period.

The firm sees “cooler changes in the South later...