October Natural Gas Futures Extend Win Streak in Early Trading

By Kevin Dobbs

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Published in: Daily Gas Price Index Filed under:

Prompt month natural gas futures trended upward to start the week amid mixed fundamental data and the possibility of production-slowing hurricane.

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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.

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Kevin Dobbs

Kevin Dobbs joined the staff of NGI in April 2020. Prior to that, he worked as a financial reporter and editor for S&P Global Market Intelligence, covering financial companies and markets. Earlier in his career, he served as an enterprise reporter for the Des Moines Register. He has a bachelor's degree in English from South Dakota State University.