Natural Gas Futures Lose More Ground - WSJ - The Wall Street Journal
Natural Gas Futures Lose More Ground - WSJ
Nov. 21, 2023 8:39 am ET
0836 ET – Natural gas futures are lower as forecasts for winter weather that could lift demand are pushed back a week. The December contract is off 0.5% at $2.868/mmBtu. A combination of warm weather, last week’s report of a bigger-than-expected increase in storage and near record US production are keeping prices from recovering, with bears in control while gas remains under $3/mmBtu, NatGasWeather.com says in a report. The weather outlook through Friday isn’t helping, with temperatures seen “mild to slightly cool” over the northern US and “mild to nice” in the south, the forecaster adds. ( anthony.harrup@wsj.com)
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