That roar heard throughout the U.S. gas market on Thursday was that of natural gas futures, which went out like a lion Wednesday as yet another shift in the latest weather data led to continued volatility. The prompt month rolled off the board at $6.202, up 32.0 cents on the day. The December contract, which moves to the front of the curve on Thursday, climbed 19.5 cents to $6.198.

At A Glance:

  • EIA prints 154 Bcf withdrawal 
  • Warmth to follow weekend cold
  • Production nears 98 Bcf/d

Spot gas prices also rallied in the wake of powerful storms that hit the West and East coasts. NGI’s Spot Gas National Avg. jumped 23.5 cents to $5.785.

Despite Wednesday’s positive expiration for the November futures contract, gains did not come easy. Forecasts called for mostly mild...