Natural Gas Futures Narrow Weekly Gains -- Market Talk

Dow Jones11-15 23:26

1026 ET - Natural gas futures trim their weekly gains. Cooling weather forecasts triggered a rally earlier this week that now looks like an overreaction. Ritterbusch analysts write that "below normal patterns across the eastern half of the nation are not yet being suggested across the rest of this month." They add that "the beginning of the heating cycle will be tempered by a surplus [in U.S. inventories] that will contain price gains" until colder forecasts emerge. "Occasional frigid weather will be inevitable and the possibility of such will likely be limiting downside price," Ritterbusch says. The front-month contract falls slightly to $2.779, still on track for a weekly gain. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

November 15, 2024 10:26 ET (15:26 GMT)

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Ritterbusch analysts write that \"below normal patterns across the eastern half of the nation are not yet being suggested across the rest of this month.\" They add that \"the beginning of the heating cycle will be tempered by a surplus [in U.S. inventories] that will contain price gains\" until colder forecasts emerge. \"Occasional frigid weather will be inevitable and the possibility of such will likely be limiting downside price,\" Ritterbusch says. The front-month contract falls slightly to $2.779, still on track for a weekly gain. 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Cooling weather forecasts triggered a rally earlier this week that now looks like an overreaction. Ritterbusch analysts write that \"below normal ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4179","symbol_name":"石油天然气设备与服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483303623","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483303623","pubTimestamp":1731684360,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1026 ET - Natural gas futures trim their weekly gains. Cooling weather forecasts triggered a rally earlier this week that now looks like an overreaction. Ritterbusch analysts write that \"below normal patterns across the eastern half of the nation are not yet being suggested across the rest of this month.\" They add that \"the beginning of the heating cycle will be tempered by a surplus [in U.S. inventories] that will contain price gains\" until colder forecasts emerge. \"Occasional frigid weather will be inevitable and the possibility of such will likely be limiting downside price,\" Ritterbusch says. The front-month contract falls slightly to $2.779, still on track for a weekly gain. 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