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Moving Markets

Natural Gas Drags Down Energy Sector

Natural Gas Dec 2023 futures decline as mild U.S. temperatures impact natural gas funds, resulting in a weekly loss and year-to-date decrease.

ETF Central
By ETF Central Team · November 28, 2023
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Natural Gas Drags Down Energy Sector

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Natural Gas Dec 2023 futures traded below $2.87/MMBtu, down 3.21% over the week,  as the outlook for temperatures in the U.S. remains mild.  This downturn comes despite the Energy Information Administration (EIA) reporting an unexpected decrease in inventories for the week ended November 17.

Natural gas funds collectively lost 4.19% through the week, bringing year-to-date performance to -57.57%.

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Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.

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