0813 ET – Natural gas futures are giving back some of the previous week’s solid gains with the market still focused on colder weather expected in mid-January to lift demand and bring larger draws on inventories. “The upcoming cold blast may still have room to run,” Eli Rubin of EBW Analytics says in a report. “Weather-driven demand is rising, and likely production freeze-offs may accelerate gains. Still, the medium-to-long term outlook is oversupplied—and Nymex futures may begin to return gains once the market can ‘see through’ the cold blast,” he adds. Natural gas for February is down 3.7% at $2.787/mmBtu after posting a 15% gain last week. (
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January 08, 2024 at 08:19PM
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Natural Gas Futures Retreat in Early Trade - The Wall Street Journal
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