Natural gas futures dipped even lower Monday after posting a double-digit decline to close out the prior week, as weather-driven demand was forecast to fade and the October contract rolled off the board. Futures dropped early, swung back into positive territory by early afternoon and then dropped again to finish in the red.

PM market

The October Nymex contract settled at $2.101/MMBtu, down 3.8 cents day/day. It lost nearly 11 cents last Friday, culminating a week of big price swings. November, which becomes the prompt month with Tuesday’s trading session, shed 1.2 cents to $2.795.

Spot gas prices ticked up along with near-term heat in the West and a rebound in prices in the Northeast. NGI’s Spot Gas National Avg. rose 9.0 cents to $1.710.

“Just another volatile day, as expected,...