Natural Gas Market Update 11/19/25
- Tony Zelinski
- Nov 19, 2025
- 1 min read
Natural Gas Futures 11-19-25
Natural gas futures rose once more today, November 19, 2025, with the December contract hitting $4.526/MMBtu during early trading. Positive weather predictions and robust LNG demand continue to bolster prices.
Front-Month NYMEX Contract (December 2025)
• Tuesday’s Close: $4.371/MMBtu
• Wednesday Morning High: $4.526/MMBtu (+$0.155)
• Trend: Upward momentum remains, though analysts advise caution against pursuing extended monthly gains
🗄️ Storage & Fundamentals
• Upcoming EIA Report (Nov 21): The market anticipates a slight withdrawal due to cooler weather conditions
• Lower 48 Production: Decreased by 0.6 Bcf/day compared to last week
• LNG Feedgas Demand: A small rise to 17.85 Bcf/day, driven by Plaquemines (+0.19 Bcf), counterbalanced by Corpus Christi (–0.16 Bcf)
🌡️ Weather & Demand Drivers
• Forecasts: Bullish shift in late-November models subtracts net 5 Bcf from expected storage
• Heating Demand: Rising in Northeast and Midwest; HDDs trending above seasonal norms
• Contract Rollover: December contract rolls to January in 8 days, adding momentum
📈 Market Commentary
• Analysts anticipate ongoing strength into early December, with possible resistance around $4.50–$4.60/MMBtu
📊 Outlook
Natural gas continues to experience a bullish seasonal cycle, driven by colder temperatures, robust LNG exports, and technical momentum. Traders are monitoring for a dip toward $4.00 to re-enter the market, with potential upside targets around $5.00 if the weather remains favorable.
Natural Gas Futures
Read more: EIA
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