October Nymex natural gas futures surged through early afternoon Monday, bolstered by the potential for production disruptions later this week, with another storm brewing in the tropics.
Here’s the latest:
- Prompt month natural gas futures up 12.4 cents to $2.558/MMBtu as of 12:05 p.m. ET
- National Hurricane Center (NHC) is watching Tropical Cyclone Nine for development
- Total Lower 48 natural gas production at 100.5 Bcf/d, down from the 30-day average of 101.1 Bcf/d, according to Wood Mackenzie