Bears ‘Inflict Considerable Damage’ to Natural Gas Futures, Ignore EIA Storage Data
Blowtorch weather seen persisting through at least mid-January trumped what could be one of the largest natural gas storage withdrawals of the winter season. On its first day at the front of the Nymex futures curve, the February contract settled at $4.559/MMBtu, off 12.6 cents from Wednesday’s close. March futures slipped 7.7 cents to $4.117.