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Prices Drop With December Forecast

  The end of October and the first two weeks of November ushered in some unusually cold temperatures. Fortunately, the cold spell was short-lived and had a short-lived impact on gas prices and a minimal impact on electricity prices. For example, from October 25, 2019, to November 15, 2019, natural gas prices in the forward…

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Natural Gas Update for Week of 11/15

NYMEX Natural Gas contract for Dec 2019 was trading $+0.003 cents to $2.562/MMBtu as of 10:44 EST. • EIA reported a withdrawal of 94 Bcf, above the consensus of 91 Bcf but within the range that was forecasted. • Gas withdrawal of 94 Bcf for the past week were lower than last year’s -109 Bcf…

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Traders Show No Fear November is the start of the traditional heating season. We started this November with some cold temperatures. The arrival of these frosty temperatures created a spike in gas prices. Fortunately, the rally was short-lived. Today’s update covers the first two weeks of trading from November 1, 2019, to November 15, 2019.…

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