Natural gas fell sharply in early November after the November contract settled at $2.764 per MMBtu and the December contract lost nearly 10% in its first four trading days. Lingering summer-like temperatures and forecasts for above-normal temperatures through November drove the decline.
Storage was 4.9% above the five-year average, and end-of-year storage was projected above 4.0 Tcf.
A delayed heating season and large projected storage levels point to continued injections and weak prices into winter. This bearish outlook also affects electricity markets that rely on gas-fired generation.
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.