U.S. natural gas futures fell about 5% to a 10-week low as forecasts pointed to mild weather and less heating demand over the next two weeks. The February contract dropped 17.8 cents to $3.345/mmBtu.
Waha cash prices in West Texas turned negative as pipeline constraints trapped gas in the Permian.
Reduced heating demand and record output pressure Henry Hub prices, while Permian pipeline limits keep regional prices depressed. The combined effect weighs on the benchmark gas price.
Setelah 104 peristiwa cuaca bearish sebelumnya, Gas Alam bergerak median -7,8% selama 5 sesi (22% lebih tinggi; separuh tengah -14,8% sampai -0,8%), dan -3,3% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Futures fell about 5% to a 10-week low on Jan 6 as mild two-week forecasts cut heating demand, directly driving the end of the 5-day decline.