Natural gas futures faltered again Tuesday despite a huge day/day decline in production. The losses reflected changes in the latest weather outlook, which had been colder over the weekend but then warmed in the last couple of runs. The January Nymex gas futures contract fell 4.7 cents to $3.747/MMBtu.

markets

At A Glance:

  • EIA reports 90 Bcf injection
  • Forecast mostly mild for October
  • East Coast cash tanks

Spot gas prices, meanwhile, came crashing down on springlike weather permeating the country. NGI’s Spot Gas National Avg. plunged 38.5 cents to $3.790.

This week could bring about some of the warmest weather of the winter, and the potential for a sustained change in the pattern remains unclear, according to Bespoke Weather Services. Upper level ridges are forming this week in the...