Natural Gas Futures Extend Losses - WSJ - The Wall Street Journal
Natural Gas Futures Extend Losses - WSJ
Nov. 8, 2023 10:00 am ET
0911 ET – The natural gas selloff continues, with futures down 1% pre-market, to $3.103/mmBtu. Mild temperature forecasts are to blame while supplies are expected to remain above average. “This market continues to head south,” Ritterbusch says in a note, adding that “additional selling is likely, at least until the short-term temperature views begin to shift toward colder patterns.” Ritterbusch say storage injections are “likely to be extended this year amidst much larger than normal increases.” The firm sees futures possibly falling toward $2.75. ( paulo.trevisani@wsj.com; @ptrevisani)
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