Natural Gas Rises As Markets React To Weather Forecasts - The Wall Street Journal
Natural Gas Rises As Markets React To Weather Forecasts - WSJ
Nov. 3, 2023 10:14 am ET
1003 ET – Natural gas futures are likely to remain volatile “as futures swing and sway in response to even minor tweaks in the short-term temperature forecasts,” Ritterbusch says in a report. Forecasts point to warmer days ahead denting demand, while US inventories remain higher than usual. “While an advance to our high side parameter [$3.64/mmBtu] is possible should the weekend temperature forecasts indicate a strong shift back toward the cold side, an extension of the expected warming trend could contribute to a further downswing,” Ritterbusch says. Natural gas for December rises 1% to $3.507/mmBtu. ( paulo.trevisani@wsj.com; @ptrevisani)
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