Dow Jones - Natural Gas Gains Ahead of Inventory Data

DJ Natural Gas Gains Ahead of Inventory Data

  By Nicole Friedman

  NEW YORK--Natural-gas futures gained Friday on colder weather forecasts, but traders expected upcoming weekly
inventory data to show that inventories are at a record high.

  Futures for December delivery recently traded up 5.3 cents, or 2.4%, at $2.313 a million British thermal units on the
New York Mercantile Exchange.

  Forecasts released Friday showed cooler temperatures in the next two weeks than previously forecast. "Today's Week 2
forecast shifted sharply colder," said Andy Weissman, chief executive of EBW AnalyticsGroup, in a note.

  Moderate weather in recent weeks has kept demand for the heating fuel subdued.

  Traders also awaited the release of weekly inventory data from the U.S. Energy Information Administration at 10:30
a.m. EST. The report's release was delayed one day due to a federal holiday.

  Analysts and traders surveyed by The Wall Street Journal expect that natural-gas inventories rose 52 billion cubic
feet in the week ended Nov. 6. That would put stockpiles at a record of 4 trillion cubic feet, 10% above levels from a
year ago and 4.6% above the five-year average.

  Physical gas for next-day delivery at the Henry Hub in Louisiana last traded at $2.02/mmBtu, compared with Thursday's
range of $1.975-$2.05. Cash prices at the Transco Z6 hub in New York last traded at $1.85/mmBtu, compared with
Thursday's range of $1.90-$2.01.

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

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  November 13, 2015 09:56 ET (14:56 GMT)

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111315 14:56 -- GMT
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