November Nymex natural gas closed up by +0.033 (+0.99%) on Monday. Prices rose due to forecasts for cooler US temperatures, potentially increasing heating demand. Last Thursday, prices reached a 2.5-month high after a smaller-than-expected weekly gas storage build. Higher US nat-gas production has been bearish, with production near record highs. US dry gas production was 107.6 bcf/day on Monday, with lower-48 state gas demand at 68.8 bcf/day. Additionally, US electricity output rose, supporting gas prices. The weekly EIA report showed bullish signs for nat-gas prices as inventories rose below expectations. Baker Hughes reported a slight increase in active US nat-gas drilling rigs.

Read more at Yahoo Finance: Nat-Gas Prices Settle Higher as US Weather Forecasts Cool