# Analyzing the Rise in Natural Gas Futures - Sprague Energy

> December Nymex natural gas closed at $2.920 on November 11, 2024, up about $0.20 from Friday on a five-week intraday high. The EIA reported a 69 Bcf storage injection for the week ended November 1, slightly above estimates, with inventories 5.8% above the five-year average.

- Date: 2024-11-12 · published 2024-11-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7033-analyzing-the-rise-in-natural-gas-futures-sprague-energy
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A storage build slightly above expectations is modestly bearish, but the price rally on storm threats and short covering keeps gas costs firm. Energy input costs for feed manufacturers stay elevated.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- spragueenergy.com: https://www.spragueenergy.com/december-nymex-natural-gas-futures-contract-closed-at-2-920-on-monday-november-11th/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.