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Natural Gas Futures Fall on Mild Weather Outlook - The Wall Street Journal

The Wall Street Journal · last updated

Natural Gas Futures Fall on Mild Weather Outlook - WSJ

Dec. 26, 2023 8:26 am ET

0820 ET – Natural gas futures are sharply lower coming out of the long holiday weekend in which weather forecasts turned warmer for the end of December. Gas prices have beenpummeled by exceptionally mild temperatures throughout the month, which have kept a lid on demand for heating, with the market looking to colder weather in January to increase draws on inventories. “There’s still exceptionally light national demand to get through for another six days that will increase surpluses over +350 Bcf,” forecaster NatGasWeather.com said in a weekend report. Natural gas for January delivery, which expires Wednesday,is down 5.1% at $2.478/mmBtu. ( anthony.harrup@wsj.com)

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