
Natural gas futures settled at $3.618/mmBtu on Friday, lower for the week after failing to hold an early spike above $4. Warmer-than-normal mid-January forecasts reduced expected heating demand, while a 38 Bcf storage withdrawal came in below expectations.
Record LNG feedgas flows and high production limited upside.
Weaker heating demand and a looser storage balance outweigh strong LNG export demand in the near term. Prices stay vulnerable until weather turns colder.
Após 104 eventos baixista de clima passados, Gás natural subiu em mediana -7,8% em 5 sessões (22% de alta; metade central de -14,8% a -0,8%), e -3,3% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
Prices failed to hold an early spike above $4 as mild mid-January forecasts and a bearish storage draw weighed, with high production limiting upside.