The Energy Buyer's Guide | 12.08.2025
Prices rally past $5.00 per MMBtu amid historic cold snap.
- Natural gas futures surged higher, with January 2026 pushing above $5.00 per MMBtu on continued weather-driven strength. Prices have given up a large portion of last week’s gains so far on Monday.
- Weather models now point to an even stronger burst of cold late this week, with degree-day forecasts eclipsing last week’s event.
- Storage declined 12 Bcf during the final week of November, a light early-season withdrawal that left stocks still comfortably above normal ahead of a ramp in heating demand.
- Fundamentals tightened considerably as residential and commercial demand surged nearly 20 Bcf per day on the week, overwhelming otherwise steady supply and driving a notably tighter balance.
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