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Natural Gas Futures Finish Higher as Traders Mull Differing Weather Models

As the market digested divergent weather outlooks and a slight bearish miss from the latest government storage data, natural gas futures finished higher on Thursday but gave back some of the gains recorded late in the previous session. The December Nymex contract settled at $2.647/MMBtu, up 4.7 cents day/day but well off the $2.696 intraday high. January settled at $2.719, up 2.7 cents. Read More

Colder-Trending Weather Data Sparks Late Natural Gas Futures Gains

  • BREAKING: EIA reports 3 Bcf storage injection for week ending November 8, compared to expectations ranging from -9 Bcf to 9 Bcf
  • December Nymex futures settle at $2.600, down 2.1 cents, but rally late; January settles at $2.692
  • Wednesday “marked the third day in a row of colder trends, and the market seems to be saying that’s enough to warrant a move back higher,” says Bespoke
  • Freeze-offs impacting about 1.3 Bcf/d of U.S. production Wednesday as “it appears the worst is over” from this week’s cold weather: Genscape’s Margolin
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