Natural Gas Losses Extend For Fifth Day - The Wall Street Journal

Natural Gas Losses Extend For Fifth Day - WSJ

Updated Nov. 10, 2023 3:05 pm ET

1500 ET – Natural gas futures fall for the fifth consecutive session amid above-normal temperature forecasts, which curb demand for heating while inventories are elevated. NatGasWeather.com notes in a report that the outlook for LNG exports doesn’t look great, either, “when considering European gas storage is currently 99.6% full.” The Nymex December contract closes at $3.033/mmBtu after falling 0.3%. In the last five session, it lost 14%.( paulo.trevisani@wsj.com; @ptrevisani)

Natural Gas Rises Ahead Of Cold Weekend

0844 ET – Natural gas rises slightly pre-market, trying to snap a four-day losing streak driven by mild weather conditions suppressing demand for heating. Demand is expected to rise to seasonal levels over the weekend due to a cold shot across northern and central US, but it is likely to decline again as temperatures rise in following days, NatGasWeather.com says in a report. Another cold wave is forecast for later this month, but “that’s still quite far out and…changes are likely,” NatGasWeather.com says. Natural gas futures are up 0.3% to $3.049/mmBtu. ( paulo.trevisani@wsj.com; @ptrevisani)

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