Natural gas prices finished the week higher as December took the front-month slot and quickly climbed back above $4.00 per MMBtu. The late-week rally followed the November contract’s strong expiration and came despite mild near-term weather, helped by record LNG export volumes. Storage rose 74 Bcf last week—right on expectations—and inventories now appear to be on pace to exceed 4.0 Tcf before withdrawals begin. With production near record highs and winter forecasts hinting at colder risks ahead, the market appears content to hold steady surrounding $4 as traders await clearer direction from November weather and export trends.
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