Natural Gas Futures Nearly Flat Again as Traders Await More Clarity on Weather
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Natural gas futures still steady as LNG demand recovers, weather data still unclear
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Natural Gas Futures Nearly Flat Again as Traders Await More Clarity on Weather
After an earlier dip, natural gas futures recovered to ultimately close out Wednesday’s session nearly flat as the prospects for more cold in early January appeared to dim.
With a sharp increase in liquefied natural gas (LNG) demand and the potential for a much larger-than-normal storage withdrawal, the January Nymex contract settled at $2.677, down a half-cent from Tuesday’s close. February climbed one-tenth of a cent to $2.681.