Natural gas falls 6% ahead of the November-to-December contract switch
Natural gas prices for the November contract fall 6% to around 2.81 USD/MMBtu, the lowest level in three weeks, after a weekly selloff of 14.4%. The main pressure comes from weather: above-normal temperatures are forecast in the United States and there is concern about a milder winter. After the switch to the December contract, prices will open near 3.2 USD/MMBtu. Inventories remain 1.3% above the five-year average.
In 35 seconds
- The November contract drops 6% to about 2.81 USD/MMBtu, a three-week low, after a 14.4% weekly decline.
- Forecast warm weather in the United States and expectations of a milder winter weigh on heating demand.
- After the switch to the December contract, prices will open around 3.2 USD/MMBtu; the January contract trades near 3.6 USD/MMBtu.
IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.




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