The NYMEX November natural gas futures contract jumped 8.1 cents and settled at $3.320/MMBtu Wednesday, largely driven by erratic weather and storage concerns. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The front-month contract traded between $3.240/MMBtu and $3.338/MMBtu so far in the session. “Natural gas prices are getting a bounce because of the weather,” said Phil Flynn, senior market analyst at Price Futures Group. The National Weather Service calls for a likelihood of below-average temperatures to continue across much of the Midwest, Northeast, Southwest and Texas, while above-normal temperatures are in the forecast for the rest of the US over the next six to 10 days. These extreme weather conditions during the shoulder season are providing support for prices, Flynn said. The offsetting weather patterns have resulted in cooling demand extending deep into the shoulder season along with a rise in heating […]