The crew that Reuters has on the natural gas beat is very, very good.
UPDATE 3-US natgas futures gain for 4th day, front posts 2012 high
* Cool extended weather outlook backs recent gains * Above average nuclear plant outages also lend support * Front-month futures gain nearly 19 pct in Sept (Releads, adds analyst quote, rig data, production data, updates prices) By Joe Silha NEW YORK, Sept 28 (Reuters) - U.S. natural gas futures ended higher on Friday for a fourth straight session, with the front-month contract notching a 2012 high on cooler weather forecasts for next month that should boost heating demand. After early pressure from profit taking, prices climbed late even though data from the U.S. Energy Information Administration that showed gas output rose in July in the lower 48 states. While extended forecasts show cooler weather slipping into the Midwest and possibly the East in early or mid-October, many traders and analysts remained skeptical of the upside with storage and production still at or near record highs. "When you look at the fundamentals, it doesn't seem like these prices will last. There are below average temperatures expected by the middle of October which suggest more heating load, but it's not anywhere near peak winter demand," said Summit Energy analyst Eric Bickel in Kentucky. Front-month gas futures on the New York Mercantile Exchange ended up 2.3 cents at $3.32 per million British thermal units after climbing late to a 2012 high of $3.33. The front month is up 17 percent in the last four sessions. It would be the biggest four-day gain in more than three months, but much of the increase occurred on Wednesday, when November took over front position with a 20-cent premium to the expiring October contract. For September, the nearby contract posted an 18.6 percent rise, the biggest monthly gain in three years. A third-quarter price gain of almost 18 percent was decent but well short of the 33 percent spike in the previous quarter...MORE