News

Natural Gas Futures Settle Higher for Weekly Gain - The Wall Street Journal

The Wall Street Journal · last updated December 26, 2023 – 7:29 AM

Natural Gas Futures Settle Higher for Weekly Gain - WSJ

Updated Dec. 22, 2023 4:16 pm ET

1450 ET – Natural gas futures add to the previous day’s gains and end a volatile week up 4.8%, snapping a six-week losing streak as participants go into the long holiday weekend watching for signs of colder weather to lift demand in January. “Bulls and bears battled all week for control of $2.50 on Jan’24 contracts, but with bulls regaining momentum yesterday,” forecaster NatGasWeather.com says in a report. Light demand is expected through Dec. 30, with colder temperatures favoring gas use the following week, the forecaster adds. “The onus is on colder/bluer weather patterns proving it for Jan.6-15.” Natural gas for January delivery settles up 1.5% at $2.610/mmBtu. ( anthony.harrup@wsj.com)

Natural Gas Futures Steady Ahead of Long Weekend

0905 ET – Natural gas prices are holding gains made the previous day, heading into the long holiday weekend with participants looking for colder weather in January to lift demand and increase withdrawals from storage after a bearishly mild December. Prices were supported by yesterday’s slightly bigger-than-expected draw of 87 Bcf on underground storage in the week ended Dec. 15, which although below-average contributed to the sharpest one-day front-month gain since October. Natural gas for January delivery is up 0.1% at $2.575/mmBtu. ( anthony.harrup@wsj.com)

Natural Gas Futures Settle Higher for Weekly Gain - The Wall Street Journal

here today, more tomorrow