Natural gas futures traded back near recent highs this week, with the prompt-month contract pushing briefly above $3.50 per MMBtu on Thursday. The 190-Bcf storage withdrawal announced for the week ended December 6 was the largest on record for this early in the winter season. LNG exports are near capacity as overall demand is showing significant year-over-year gains. Production is up from pre-winter lows but is still sitting below year-ago levels.
Natural Gas Market Talk | 12.13.2024
Volatility continues for NYMEX natural gas as prices swing back to the upside ahead of another cold snap on tap for later this month.
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