That roar heard throughout the U.S. gas market on Thursday was that of natural gas futures, which went out like a lion Wednesday as yet another shift in the latest weather data led to continued volatility. The prompt month rolled off the board at $6.202, up 32.0 cents on the day. The December contract, which moves to the front of the curve on Thursday, climbed 19.5 cents to $6.198.

At A Glance:

  • Production falls to 97 Bcf/d
  • Forecasts for mixed demand
  • NGI models draw of 41 Bcf

Spot gas prices also rallied in the wake of powerful storms that hit the West and East coasts. NGI’s Spot Gas National Avg. jumped 23.5 cents to $5.785.

Despite Wednesday’s positive expiration for the November futures contract, gains did not come easy. Forecasts called for mostly mild conditions...