A step down in production drove natural gas futures prices higher for a second day, with gains accelerating after the latest weather models turned even hotter for next week. The September Nymex gas futures contract settled Tuesday at $4.027, up 9.2 cents on the day. October climbed 9.4 cents to $4.032.
Spot gas prices were mostly higher, but there were small decreases in the Midwest and part of the western United States. NGI’s Spot Gas National Avg. climbed 8.5 cents to $4.000.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.