Prompt month natural gas futures trended upward to start the week amid mixed fundamental data and the possibility of production-slowing hurricane.
Coming off back-to-back gains to close out the prior week, the October Nymex gas futures contract on Monday was up 6.6 cents to $2.500/MMBtu as of 8:45 ET.
Market participants weighed increasingly mild fall weather – and diminishing cooling demand – against lower natural gas production, the potential for another destructive storm in the Gulf of Mexico (GOM) this week and a narrowing storage surplus.
