The NYMEX December natural gas futures contract spiked 42.8 cents on colder weather and lower inventory, settling at $4.70/MMBtu Monday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The contract traded between $4.427/MMBtu and $4.779/MMBtu. Monday’s rise was the second highest day-on-day change since the front-month contract jumped 73 cents on November 14. “We are in a period of high volatility,” Elaine Levin, an analyst at PowerHouse Brokerage, said, noting that much of the volatility in the contract is due to the colder-than-usual November and lower inventory, which sits at 3.247 Tcf, a deficit of nearly 16% to the five-year average of 3.848 Tcf. The National Weather Service calls for a likelihood of offsetting weather for much of the US over the next six to 10 days, with temperatures in the Midcontinent production areas forecast to rise, while temperatures in the Northeast are expected […]