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December Nymex natural gas futures slid further in early trading as mild November temperatures and record production weighed on the market. Henry Hub spot prices plunged to an average near $2.04, far below levels seen in November 2022.
A collapse in spot gas prices from oversupply and weak weather demand points to lower US power and energy costs, reinforcing bearish energy pressure across feed-related input markets.
naturalgasintel.comNov 8, 2023After 104 past bearish weather events, Natural Gas moved a median -7.8% over 5 sessions (22% higher; middle half -14.8% to -0.8%), and -3.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
