U.S. Gas Futures Slide as Record Stockpiles Seen in Mild Weather
- Temperatures will be above normal over the next 15 days
- Natural gas inventories matched record in latest week
Will El Niño Put the Squeeze on Natural Gas Prices?
This article is for subscribers only.
Natural gas futures slid for the first time in four days on speculation that stockpiles will set a record as mild weather limits demand for the heating fuel.
Temperatures will be above normal from the Midwest through the Northeast over the next 15 days, according to MDA Weather Services. The warmth will also spread across the Southeast on Nov. 19 through Nov. 23. U.S. gas inventories rose to 3.929 trillion cubic feet on Oct. 30, matching an all-time high.