Natural Gas Prices Plummet Amid Bearish Weather and Disappointing COP28 Agreement
TL;DR Summary
Natural gas futures continue to decline as mild weather forecasts and increased production put downward pressure on prices. The January contract fell to $2.375/MMBtu, while contracts across the 2024 strip and early 2025 also experienced double-digit declines. Weather models are trending warmer, further dampening heating demand expectations for December.
- January Natural Gas Collapses Below $2.50 as Bearish Weather, Production Trends Continue Natural Gas Intelligence
- U.S. Natural Gas Prices Tumble 10% on Mild Weather OilPrice.com
- Natural Gas Prices Forecast: Warm Weather Trends Fuel Bearish Outlook FX Empire
- Natural Gas tanks as markets turn negative after COP28 disappointing agreement FXStreet
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