Dow Jones - Natural Gas Futures Slip On Weak Demand Worries

DJ Natural Gas Futures Slip On Weak-Demand Worries



  By Nicole Friedman


  NEW YORK--Natural gas futures fell Tuesday, erasing earlier gains, on concerns about continued weak demand in the
first half of November.

  Futures for December delivery settled down 0.3 cent, or 0.1%, to $2.253 a million British thermal units on the New
York Mercantile Exchange.

  Natural-gas prices have slumped in recent sessions as weather forecasts called for above-normal temperatures to
extend into mid-November, which is expected to reduce demand for natural gas as an indoor-heating fuel. Some traders
worry that low consumption could push inventories of natural gas to record highs in the coming weeks.

  "The combination of poor demand...and rising supply growth out of the Northeast has continued to further pressure"
natural-gas prices, said analysts at Deutsche Bank in a note.

  Prices fell to a three-year low last week and have rebounded slightly since.

  Frank Clements of Meridian Energy Brokers said in a note that he expects prices to hold between $2.10 and
$2.40/mmBtu. "Despite the warm weather, the market is precariously holding firm," he said.

FUTURES SETTLEMENT NET CHANGE

Nymex December $2.253 -0.3c
Nymex January $2.463 +1.5c
Nymex February $2.487 +1.3c

CASH HUB RANGE PREVIOUS SESSION
El Paso Perm $1.74-$1.92 $1.7625-$1.93
El Paso SJ $1.745-$1.85 $1.775-$1.90
Henry Hub $1.85-$1.94 $1.895-$1.95
Katy $1.835-$1.92 $1.80-$1.90
SoCal $1.86-$2.08 $1.93-$2.15
Tex East M3 $1.0575-$1.20 $0.90-$1.08
Transco 65 $1.865-$1.94 $1.87-$1.92
Transco Z6 $1.27-$1.45 $1.38-$1.62
Waha $1.78-$1.82 $1.78-$1.84


   Write to Nicole Friedman at nicole.friedman@wsj.com


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  (END) Dow Jones Newswires

  November 03, 2015 15:58 ET (20:58 GMT)

  Copyright (c) 2015 Dow Jones & Company, Inc.

110315 20:58 -- GMT
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