Jodi Shafto

Weekly cash natural gas prices fell as scattered cold weather failed to generate enough widespread heating demand, while weather forecasts that added more heating degree days (HDD) toward the official start to winter lifted futures late in the week ending Dec. 8. 

January Nymex natural gas futures gained for a third day Friday in an apparent round of profit-taking, and as weather forecasts turned slightly less bearish but suggested the trend toward mild weather would remain intact into the official start of winter. 

January Nymex natural gas futures settled the regular trading session higher on Thursday,  backed by cooler weather trends.

January Nymex natural gas futures settled the regular trading session higher on Thursday,  backed by cooler weather trends. 

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 55 Bcf of natural gas from storage for the week ended Dec. 8, matching the figure modeled by NGI ahead of the report’s release. The draw was on par with most expectations.

January Nymex natural gas futures staged a modest recovery Wednesday, but attempts at more considerable gains were thwarted by overall mild weather trends that pointed to comparatively small storage withdrawals as production stayed robust.

Nymex January natural gas futures deflated further Tuesday amid storage glut woes driven by strong production and the absence of winter weather.

Nymex January natural gas futures deflated further Tuesday amid storage glut woes driven by strong production and the absence of winter weather.

Natural gas futures cratered Monday, hammered by soaring natural gas production and a lack of weather-driven demand.

Natural gas futures cratered Monday, hammered by soaring natural gas production and a lack of weather-driven demand.