The NYMEX October gas futures contract settled at $2.804/MMBtu Monday, up 2.80 cents despite a bearish weather forecast. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The front-month contract traded between $2.752/MMBtu and $2.814/MMBtu so far in the session. Similar gains were seen in the November and December contracts, with November contract settling at $2.808/MMBtu, a gain of 1.80 cents, and December contract settling at $2.895/MMBtu, a rise of 1.70 cents. “The weather forecast is bearish, leaving the market to track back and forth,” said Kyle Cooper, analyst at IAF Advisors. The National Weather Service calls for a likelihood of above-average temperatures for much of October, driving down early heating demand. Prices likely are getting support from a deficit in US natural gas storage stocks. Current inventories stand at 2.568 Tcf, nearly 19% below the 3.158 Tcf five-year average. Total demand fell early […]