A technical bounce fueled by lower wind generation sent natural gas futures higher to start the week. The September Nymex gas futures contract settled Monday at $3.946, up 8.5 cents from Friday’s close. October climbed 8.5 cents to $3.960.

EIA Storage

Spot gas prices were mixed on Monday, with mostly mild weather across the country. However, big gains in California sent NGI’s Spot Gas National Avg. up 16.5 cents to $3.950.

At A Glance:

  • El Paso Natural Gas Pipeline blast kills two
  • Technical bounce, lower wind drive Nymex rally
  • Storage deficits set to continue

Though the peak of summer may be in the rearview mirror, hot weather remains in the forecast. Bespoke Weather Services said a “solid period of above-normal heat” is expected from late this week through the start of next...