Natural Gas Futures Retreat Awaiting Colder Weather - Barron's
Natural Gas Futures Retreat Awaiting Colder Weather
Summary
U.S
Europe
Asia
FX
Rates
Futures
ETFs
Crypto
LIVE COVERAGE
Stock Market Today
Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
Last Updated:
Dec. 26, 2023 at 3:30 PM EST Live Coverage Feed
34 min ago
Natural gas futures give back some of last week's gains as temperatures are expected to stay milder-then-normal through the end of the month, limiting demand for heating fuel and contributing to smaller-than-usual draws on storage.
"The overhang of high storage is keeping a cap on prices and for real demand to show we will need to see some major Artic air to appear," BOK Financial's Dennis Kissler says in a note. "Demand may be better than current projections, but it will take a weather event for it to show."
Natural gas for January delivery, which expires Wednesday, settles down 2.3% at $2.550/mmBtu.