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Market Watch

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January gas futures rose 25.4¢ Wednesday to $5.723/MMBtu as a significantly oversold market clawed back some of the previous five sessions' $1.766 loss. Bearish optics may have prevented a stronger reversal as mild conditions last week are expected to result in a relatively small storage withdrawal, and the eastern US may not see seasonably cold weather until mid-month. The 12-month strip rose 15.8¢ to $5.032; the 2024 calendar strip was up 2.2¢ to $4.559 (Futures contracts).

Topics:
Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
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