Natural gas futures vaulted higher on Thursday as production eased, export demand jumped and traders looked ahead to colder weather and the onset of winter storage withdrawals. The December Nymex contract rose 8.6 cents day/day and settled at $4.902/MMBtu. January added 8.1 cents to $4.995. 

storage

At A Glance:

  • U.S. LNG volumes gain momentum
  • EIA prints a storage injection of 26 Bcf
  • Spot prices advance ahead of Eastern freeze

Coming off a 36.1-cent selloff in the previous session, Thursday’s prompt month gain marked the third time futures advanced this week.

NGI’s Spot Gas National Avg. gained 11.0 cents to $4.955, led higher by advances in the Northeast ahead of an anticipated shift to freezing conditions on Friday.

Nationally, NatGasWeather said Thursday the American and...