December gas futures fell 2% Thursday into the upper $2.70s per Btu despite a net storage build that was smaller than expected and which initially pushed the contract to just above $2.88/MMBtu.

摘要

The move could be a sign that this short-covering has run its course, but the question remains where the trading range will settle for now. Forecasts are still calling for very cold weather for the six- to 10-day period before conditions return closer to normal for the next eight- to 14-day outlook.