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Natural Gas Futures Recover to End Week up - Barron's

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Natural Gas Futures Recover to End Week up

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Last Updated:
Nov. 3, 2023 at 4:07 PM EDT Live Coverage Feed

7 hours ago

Natural gas futures ended the week up nearly 1%, at $3.515/mmBtu, after today's 1.2% gain. It's up more than 21% in the last two weeks.

Markets face headwinds, however, as U.S. storage levels remain elevated and weather forecasts "are rather bearish," according to NatGasWeather.com.

"The natural gas markets will be anxiously waiting to find out how this past week's frigid shot impacted supplies," the firm says in a report.

Markets will be in the dark next week, as the EIA will skip the weekly inventories report due to a system upgrade, but NatGasWeather.com says the expectation is for a single-digit draw or build.

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