U.S. Natural Gas Gains on Weather Prospects, Storage Draw -- Market Talk

Dow Jones12-20

1542 ET - U.S. natural gas futures settle higher as expectations of a cold start to January combine with a second straight large weekly withdrawal from storage. Inventories decreased by 125 Bcf last week to 3,622 Bcf, the EIA reports, leaving storage 132 Bcf above the five-year average and 20 Bcf above a year ago. "The market is anticipating another short cold snap in the coming days followed by a subsequent warmup. From there, predictive models are pointing at a potential for another period of unseasonable cold in the populous Midwest and East," Andy Huenefeld of Pinebrook Energy Advisors says in a note. Weather forecasts remain volatile, but "could be setting the stage for a stronger withdrawal season than initially anticipated," he adds. The Nymex front month settles up 6.2% at $3.584/mmBtu. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

December 19, 2024 15:42 ET (20:42 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492486702?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-20 04:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492486702","market":"hk","top_or_hot":-1,"title":"U.S. Natural Gas Gains on Weather Prospects, Storage Draw -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1542 ET - U.S. natural gas futures settle higher as expectations of a cold start to January combine with a second straight large weekly withdrawal from storage. Inventories decreased by 125 Bcf last week to 3,622 Bcf, the EIA reports, leaving storage 132 Bcf above the five-year average and 20 Bcf above a year ago. \"The market is anticipating another short cold snap in the coming days followed by a subsequent warmup. From there, predictive models are pointing at a potential for another period of unseasonable cold in the populous <a href=\"https://laohu8.com/S/MDWT\">Midwest</a> and East,\" Andy Huenefeld of Pinebrook Energy Advisors says in a note. Weather forecasts remain volatile, but \"could be setting the stage for a stronger withdrawal season than initially anticipated,\" he adds. The Nymex front month settles up 6.2% at $3.584/mmBtu. (anthony.harrup@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 19, 2024 15:42 ET (20:42 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Natural Gas Gains on Weather Prospects, Storage Draw -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Natural Gas Gains on Weather Prospects, Storage Draw -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-20 04:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>1542 ET - U.S. natural gas futures settle higher as expectations of a cold start to January combine with a second straight large weekly withdrawal from storage. Inventories decreased by 125 Bcf last ...</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":"2492486702","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492486702","pubTimestamp":1734640920,"columns":[],"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":"1542 ET - U.S. natural gas futures settle higher as expectations of a cold start to January combine with a second straight large weekly withdrawal from storage. Inventories decreased by 125 Bcf last week to 3,622 Bcf, the EIA reports, leaving storage 132 Bcf above the five-year average and 20 Bcf above a year ago. \"The market is anticipating another short cold snap in the coming days followed by a subsequent warmup. From there, predictive models are pointing at a potential for another period of unseasonable cold in the populous Midwest and East,\" Andy Huenefeld of Pinebrook Energy Advisors says in a note. Weather forecasts remain volatile, but \"could be setting the stage for a stronger withdrawal season than initially anticipated,\" he adds. The Nymex front month settles up 6.2% at $3.584/mmBtu. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4179":"石油天然气设备与服务","NGS":"Natural Gas Services Group Inc"},"translate_title":"美国天然气因天气前景和储存消耗而上涨——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NGS":1},"content_text":"1542 ET - U.S. natural gas futures settle higher as expectations of a cold start to January combine with a second straight large weekly withdrawal from storage. Inventories decreased by 125 Bcf last week to 3,622 Bcf, the EIA reports, leaving storage 132 Bcf above the five-year average and 20 Bcf above a year ago. \"The market is anticipating another short cold snap in the coming days followed by a subsequent warmup. From there, predictive models are pointing at a potential for another period of unseasonable cold in the populous Midwest and East,\" Andy Huenefeld of Pinebrook Energy Advisors says in a note. Weather forecasts remain volatile, but \"could be setting the stage for a stronger withdrawal season than initially anticipated,\" he adds. The Nymex front month settles up 6.2% at $3.584/mmBtu. (anthony.harrup@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 19, 2024 15:42 ET (20:42 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492486702"}