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Natural Gas Prices Plunge 10% On Extremely Bearish Weather Forecast

Increase font size  Decrease font size Date:2020-12-31   Views:46

  Natural gas futures are down more than 10% on Monday morning following new weather models that suggest warmer weather is ahead.



  Meteorologists at BAMWX show one model that suggests temperature anomalies for much of the country could be well above average for early January.



  For the next two weeks, heating degree days for US-Lower 48 will be below trend, suggesting warmer temperatures and a decline in energy use to heat homes.




 
 
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