NYMEX November natural gas futures settled 1.8 cents higher at $2.451/MMBtu Friday as the market got a bit of support from a slipping gas rig count and it appeared Hurricane Joaquin would steer clear of making landfall on the US East Coast. The US oil and natural gas rotary rig count fell by 29 rigs to 809 in the week ended Friday, Baker Hughes said. Oil rigs fell by 26 to 614 for the week. Gas rigs for the week totaled 195, down two from a week ago. Phil Flynn, Price Futures Group senior market analyst, said that may be one of the few things that would prop up the market until winter demand kicks in. He added that weather forecasts are not doing much to support prices and the market remains vulnerable to selloffs. “It’s the Goldilocks:- not too hot, not too cold,” he said. “It doesn’t bode […]