• BREAKING: U.S. EIA reports a 91 Bcf withdrawal from natural gas storage inventories for the week ending Dec. 4, coming in above estimates
  • Cash rises on strong power burns

Natural gas futures bounced back midweek as the warmer forecast expected this month may be less intense than advertised. A tight supply/demand backdrop added support, lifting the January Nymex contract up 4.3 cents Wednesday to $2.442. February climbed 3.4 cents to $2.456.

EIA storage Dec 4

Spot gas prices strengthened, but gains were fairly small across most of the country. NGI’s Spot Gas National Avg. climbed 7.5 cents to $2.460.

After hints that the middle of December could bring about a brief period of more normal winter weather, Wednesday’s weather models provided some confirmation. Still, rather than outright...