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Morning Natural Gas Market Report

January natural gas prices registered a new contract low this morning and fell to their lowest level since September 2009. Some traders indicated that the primary factors driving prices lower were near-record supplies and a warmer than expected December temperatures in the US. The unseasonably warm temperatures is a force depressing heat-related demand for natural gas and makes it more difficult to work down excessive supplies. Expectations for this morning's EIA storage report are for a draw in the range of 95 bcf, which is quite a bit smaller than the year ago decline of 154 bcf.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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