Natural gas futures on Wednesday rallied for a third consecutive session, again touching a new high for the year as traders fixated on potentially sparse supplies in the United States and Europe ahead of the peak winter demand season. 

EIA storage091021

At A Glance:

  • BREAKING: U.S. EIA reports injection of 83 Bcf into natural gas storage for the week ended Sept. 10
  • October Nymex contract jumped 20.0 cents day/day on Wednesday and settled at $5.460/MMBtu

The October Nymex contract jumped 20.0 cents day/day and settled at $5.460/MMBtu. Over the two prior sessions, the prompt month surged nearly 33.0 cents. November gained 20.2 cents to $5.507 on Wednesday.

After spiking nearly 50 cents over Monday and Tuesday, NGI’s Spot Gas National Avg. climbed another 18.0 cents to $5.530.

“It is all...