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Natural gas futures flew higher on Monday, bolstered by forecasts for substantially colder weather and stronger heating demand. The December Nymex contract gained 54.4 cents day/day to settle at $6.944/MMBtu, adding to a 42.5 cent rally in Friday’s session. January climbed 49.0 cents to $7.244. At A Glance: Forecasts add ‘hefty’ dose of demand Potential…

Could a change in natural gas trading behavior be amiss? Bears on Monday managed to take out a key psychological level of support amid robust supply and a steadily improving storage picture. The November Nymex gas futures contract settled at $6.435/MMBtu, off 31.3 cents from Friday’s close. December futures slid 26.3 cents to $6.784. At…

Although current climate patterns portend a rather mild winter overall this year, historical comparisons indicate that December could be quite cold, according to WeatherBELL Analytics LLC meteorologist Joe Bastardi. Speaking at the LDC Gas Forums Mid-Continent show in Chicago last week, Bastardi said October weather often is a key indicator of how cold it may…

After an early dip into the red, natural gas futures swung higher Monday as weather models continued to show bursts of heat over the next couple of weeks. Volatility remained front and center, however, with big gains nearly erased by the close of the session. As the dust settled, the September Nymex gas futures contract…

Natural gas futures fizzled midweek but held comfortably above $9 as bulls remained largely in control of the market. The September Nymex gas futures contract settled Wednesday at $9.244/MMBtu, off 8.5 cents day/day. October futures slid 8.3 cents to $9.228. At A Glance: Bullish supply/demand balances intact Storage injection seen below-average Spot gas prices continue…

After a solid recovery throughout Monday’s session, natural gas futures extended their streak Tuesday as maintenance activities took another toll on production. The September Nymex gas futures contract soared 60.1 cents day/day to settle at $9.329/MMBtu. October futures climbed 59.9 cents to $9.311. Spot gas prices also surged as power burns remain elevated despite cooler…

Natural gas futures slipped early Monday as production returned to near all-time highs and weather models cooled a bit for late August. Though bulls stepped in to buy off session lows, the September Nymex gas futures contract settled at $8.728/MMBtu, off 4.0 cents from Friday’s close. October futures fell 3.2 cents to $8.712. Spot gas…

European gas prices remained high this week, supported by supply tightness due to low Norwegian flows caused by unplanned outages at the Sleipner field and Nyhamna plant, and maintenance work on Nord Stream 1 set to last until 21 July.

A sweltering summer temperature outlook overshadowed ongoing demand destruction from the Freeport LNG terminal outage to send natural gas forwards prices soaring during the July 7-13 trading period, NGI’s Forward Look data show. Fixed price trading for August delivery at benchmark Henry Hub surged $1.179 higher week/week to $6.690/MMBtu. That established the baseline for fixed…