2010.09.2316:56:00UTC+00Natural Gas Futures End Higher For Third Day In A Row

News:

• Front-month US natural gas futures ended higher for the third straight day, on unexpectedly-light weekly inventory build and a firm cash market despite milder US weather forecasts for next week that might slow demand
• The EIA report showed total domestic gas inventories for the week ended September 17 went up by 73bn cubic feet to 3.340trn cubic feet
• Front-month gas rose 16 cents to an intraday high of $4.133 right after the EIA data but trimmed gains later, settling at $4.019, still up 5.3 cents on the day
• Spreads to winter months were relatively unchanged, with January ending up 4.6 cents at $4.536; October-January spread has lost some 38 pct this month, dropping from an 84-cent carry to about 52 cents as relatively firm September cash prices prop up front month contracts