The NYMEX October natural gas futures contract fell 2.6 cents Monday to settle at $2.689/MMBtu as traders focused on weather forecasts calling for more moderate temperatures by mid-September. In its six- to 10-day forecast, WSI called for above-average temperatures across the US Northeast, Upper Midwest and large portions of Texas. Below-average temperatures are expected across portions of the Northwest. Further into September, WSI’s 11-15 day forecast calls for unseasonable warmth over a smaller portion of the US, extending from eastern New York through New England, as well as west Texas and portions of the West Coast. “The natural gas market is on the defensive in Monday trade, with a lack of more intense late summer air-conditioning demand pointing to above-average storage injections in the weeks ahead,” Citi analyst Tim Evans said. Article continues below… Gas Daily offers the most detailed coverage of natural gas prices at interstate and intrastate […]