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.
Na 104 eerdere neerwaarts weer-gebeurtenissen bewoog Aardgas zich mediaan -7,8% over 5 sessies (22% hoger; middelste helft -14,8% tot -0,8%), en -3,3% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
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.