UPDATE 1-US natgas prices edge up to 7-month high on lower output, rising exports

Front-month gas futures for November delivery on the New York Mercantile Exchange rose 1.3 cents, or 0.4%, to settle at $2.962 per million British thermal units (mmBtu), their highest close since March 3. Financial firm LSEG said average gas output in the lower 48 U.S. states slid to 102.4 billion cubic feet per day (bcfd) so far in October, down from 102.9 bcfd in September and a monthly record high of 103.1 bcfd in August. LSEG forecast U.S. gas demand, including exports, would hold near 95.1 bcfd this week and next.