January natural gas futures plunged more than 4% today as traders took profits from the recent rally, conjecturing that the glut of gas supply should prove more than sufficient during the US winter heating season

摘要

Exacerbating today’s weakness was an EIA report showing that US domestic gas production continues to climb even in the face of lower gas futures prices. Based on the weak close, January gas appears poised to test the $4-teens or lower. "There’s just too much supply and not enough cold weather demand to absorb it all," said a gas trader in Texas. "And there’s more growing evidence that January and February might see above-normal temperatures, which makes this market even more bearish."