Natural gas falls 6% ahead of contract rollover from November to December
November natural gas prices fall 6% to around 2.81 USD/MMBtu, the lowest level in three weeks, after a 14.4% weekly selloff. The main pressure comes from weather: above-normal temperatures are forecast in the United States and a possible "Super El Niño". After the rollover to the December contract, prices will open near 3.2 USD/MMBtu. Inventories remain 1.3% above the five-year average and funds hold a record net short position.
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 "Super El Niño" reduce heating demand.
- After the rollover to the December contract, prices will open around 3.2 USD/MMBtu; January trades near 3.6.
IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.




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