December Nymex natural gas (NGZ25) on Friday closed down by -0.080 (-1.72%).
Dec nat-gas prices retreated on Friday due to a larger-than-expected build in weekly nat-gas storage. The EIA reported Friday that nat-gas inventories rose +45 bcf for the week ended November 7, higher than expectations of a +34 bcf build. Nat-gas prices extended their losses on Friday amid forecasts of warmer US temperatures, which could reduce nat-gas heating demand. Forecaster Atmospheric G2 said Friday that forecasts shifted warmer in the US, except in parts of the East, for November 19-23, and shifted even warmer across much of North America for November 24-28.
