November natural gas futures contract tumbled 9.6 cents to a $3.67/MMBtu settlement Monday — the lowest close in 11 months — as the market considered forecasts calling for mild weather into November as well as new US gas production records set over the weekend. The last time the prompt month settled below $3.70/MMBtu was exactly 11 months ago, when the December contract closed at $3.674/MMBtu on November 20, 2013. “We’re at 11-month lows and the market can’t seem to pick its head up,” said Gene McGillian, analyst at Tradition Energy. Updated forecasts released Monday now are calling for mild weather to extend into the first week of November. The US National Weather Service’s forecast map is predicting above-normal temperatures for all of the US in its eight- to 14-day outlook. Article continues below… Sign up to Natural Gas Alert today. Platts […]