November natural gas futures settled 1.4 cents higher at $3.859/MMBtu Friday as the market sought direction amid mild weather forecasts and the aftermath of another strong storage injection. The prompt month traded in a tight, 5.5-cent range as the after-effects of a second triple-digit injection reported Thursday continued to weigh on the market, and some forecasts for late October turned warmer. “We expect prices to rise in the next few days, but to be tempered by the warmer weather forecasts,” said Gelber & Associates analyst Evans Finger. “Weather models are forecasting warmer than normal temperatures for the rest of the month after a blast of cold in the next couple days,” Finger said. “These warmer temperatures will help increase the total amount of gas in storage, with possibly two more triple digit injections expected in the coming weeks.” Article continues below… Request […]