Skip to content
Subscriber Only

Warm December Outlook Spurs Biggest U.S. Gas Drop Since January

  • Natural gas stockpiles reached an all-time high last week
  • November will see 24% fewer heating degree days than in 2014
Updated on

Natural gas futures in New York capped the biggest weekly loss since January as the outlook for an unusually mild December threatens to extend a supply glut.

Temperatures will be above normal across the East from Nov. 25 through Nov. 29, with warmth lingering in the Northeast, mid-Atlantic and the Great Lakes areas the following five days, said MDA Weather Services. The high in Manhattan on Nov. 27 may be 58 degrees Fahrenheit (14 Celsius), 8 above normal, according to AccuWeather Inc.’s website.