February Nymex gas futures fell 9.5 cents to $3.523/mmBtu, down 11.6% since the January contract expired. Forecasts turned materially warmer, with temperatures expected to average about 50°F and no major cold shots through January 19.
Analysts estimated the revision could remove about 35 Bcf of demand from a 15-day outlook.
Warmer forecasts cut projected heating demand and reduce the risk of freeze-offs, which lowers near-term gas price expectations.
Tras 104 eventos bajista de clima pasados, Gas natural se movió una mediana de -7,8 % en 5 sesiones (22% al alza; mitad central entre -14,8 % y -0,8 %), y -3,3 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Forecasts turned materially warmer with no major cold through Jan 19, removing about 35 Bcf of demand and leaving Feb Nymex down 11.6% since the January contract expired.