1539 ET - The updated outlook from the NOAA's Climate Prediction Center that forecasts a potential El Nino climate setting in next fall/winter could bring a mild winter for much of the U.S. - which would limit demand for natural gas heating at that time. "Market participants appear to be hedging some downside risk as they extrapolate that the chances of the weather pattern and its associated mild temperatures materializing should remain high into the winter months," says Gelber & Associates in a note. The NOAA's report gave a 61% for El Nino to set in beginning in September. Natural gas closes the day up 0.8% to $3.243/mmBtu, making it 5.2% lower that futures traveled this week -- the second-consecutive lower week for natural gas. (kirk.maltais@wsj.com)
(END) Dow Jones Newswires
February 13, 2026 15:39 ET (20:39 GMT)
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