Into The Vortex – Natural Gas Traders Outlook

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  • #48465
    TradersCom
    Keymaster

    January HH natural gas (prompt) settled Tues Up 3.9 cents $7.2350 from $7.196

    (December Nymex #natgas contract fell 31.2 cents day/day & settled at $6.712/MMBtu Monday before rolling off the board.)

    Early estimates for the week ended Nov. 25 submitted to Reuters ranged from withdrawals of 79 Bcf to 119 Bcf, with an average decrease of 103 Bcf. The estimates compare with a decrease of 54 Bcf during the similar week of 2021 and a five-year average pull of 34 Bcf.

    #48271
    KnovaWave
    Participant

    EIA reported natural gas storage in the U.S. last week came in less than expected at -36Bcf in storage with consensus a draw of -28Bcf. For perspectiv
    [See the full post at: Into The Vortex – Natural Gas Traders Outlook]

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