• Weather worries overshadowed strong liquefied natural gas levels
  • Forecasts called for a warm November across much of the Lower 48
  • Production continued to come back following Hurricane Zeta

Natural gas futures on Monday dropped as mid-range weather worries overshadowed continued strong liquefied natural gas (LNG) levels. The December Nymex contract shed 11.0 cents day/day and settled at $3.244/MMBtu. January lost 9.4 cents to $3.375.

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Spot gas prices, meanwhile, dipped lower despite a chilly start to the week. NGI’s Spot Gas National Avg. fell 5.5 cents to $2.825.

Bespoke Weather Services said warmer revisions to both the domestic and European forecasts for the first half of November, “and hints that a warmer regime can roll on into the second half of the month,”...