• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Natural gas falls 6% ahead of contract rollover from November to December

FinanceInternationalXTB.com35 s readAI summary
Image: XTB.com

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.
Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

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