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Natural gas leads gains among major commodities in November Natural gas was best performing commodity in November, defying overall losses in the energy sector that saw crude-oil prices drop by more than 20% for the month. An increase in natural-gas prices isn’t all that surprising given that demand for the heating fuel tends to increase as temperatures drop toward the end of the year, but the climb in natural gas was impressive, with futures prices climbing by roughly 38% month to date as of Friday intraday. “Frigid weather, both actual and forecasted, for a large part of the U.S.,” along record domestic natural-gas exports were among the reasons for the price climb, said Will Rhind, chief executive officer of exchange-traded fund issuer GraniteShares. Total U.S. supplies of natural gas in storage also stand at 3.054 trillion cubic feet as of the week ended Nov. 23—that’s down about 19% from the five-year average. Against that backdrop, futures prices for the commodity NGF19, -2.00% settled at $4.837 per million British thermal units on Nov. 14, the highest finish for a front-month contract since Feb. 26, 2014. The next trading day, however, prices saw their biggest one-day percentage loss in more than […]
