1252 ET - Natural gas traders are testing how far the sell-off in the January contract can go as it trades decidedly below $4/mmBtu, Gelber & Associates says in a note. Fundamentally, "price action still looks more like a market getting repriced by weather than a market falling apart," the firm says. Production has been slightly softer but still pushing record highs, and LNG continues to act like a baseline pull on supply. While colder forecasts can appear quickly and push prices up, storage "is not so tight that the market has to panic buy every cold shot," the firm adds. Natural gas for January delivery is off 2% at $3.931/mmBtu, above an earlier low of $3.842. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
December 16, 2025 12:52 ET (17:52 GMT)
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