News

Natural Gas Prices Pick Up Some After Selloff - The Wall Street Journal

The Wall Street Journal · last updated

Natural Gas Prices Pick Up Some After Selloff - WSJ

Dec. 13, 2023 8:45 am ET

0838 ET – Natural gas prices are making cautious gains in the wake of yesterday’s weather-driven selloff. Forecasts for milder-than-normal temperatures across the U.S. for most of December remain unsupportive, with weak demand and below-average draws on inventories expected for coming weeks. The EIA lowered its Henry Hub spot price forecast for the November-March winter period by more than 60 cents to around $2.80/mmBtu, and said it expects storage to end the season 22% above the five-year average. Natural gas for January delivery is up 0.6% at $2.325/mmBtu. (anthony.harrup@wsj.com)

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

What to Read Next

- TurboTax: Up to $67 off online tax services with TurboTax discount code
- The Motley Fool: Epic Bundle - 3x Expert Stock Recommendations
- H&R Block Tax: Get 20% Off H&R Block tax software products
- Top Resume: Top Resume Coupon: 10% Off professional resume writing
- eBay: Unlock 10% Off orders With this eBay coupon
- Groupon: $20 off massages with Groupon promo code