Loading…
December Nymex natural gas futures settled lower for a fourth straight session as warm November weather, strong production and slightly weaker LNG exports offset a delayed EIA storage report. Spot prices rebounded on a winter storm moving across the Northeast.
Bearish fundamentals from warm weather and high output keep US gas prices under pressure, while short-term cold in the Northeast offers only limited support to energy input costs.
naturalgasintel.comChris NewmanNov 9, 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.
