LONDON (Commodity Online): US Natural Gas prices registered small gains on the day, but only at the front of the curve. The prompt contract moved four cents higher, to $3.83/MMBtu, while contracts past December 2011 were virtually unchanged.
Calendar 2012 moved less than a cent, ending unchanged at $4.36. The October contract faces its last trading session tomorrow, so some of the day's move could be investor repositioning.
The temperature forecast has tilted incrementally bearish, with waning heat in the East and cold weather emerging in the West.
While tropical storm Philippe continues forming in the Atlantic, another storm is forming West of Philippe, with a good probability of becoming a tropical storm, and a smaller probability of becoming a hurricane.
All cash market points registered another day of gains. Henry Hub added another 11 cents, trading at $3.92. SoCalBorder picked up eight cents, to $4.08, while New York (Transco-Z6) jumped 11 cents, to $4.20.
