Into The Vortex – Natural Gas Outlook Heading into Winter

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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
    TradersCom
    Keymaster

    Natural gas futures dropped sharply by the end of the week on a number of factors. GEFS and Euro Ens weather models lost 50 bcf demand each in 24 hrs.
    [See the full post at: Into The Vortex – Natural Gas Outlook Heading into Winter]

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