Natural Gas Market Update 11/24/25
- Tony Zelinski
- Nov 24, 2025
- 1 min read
Natural Gas Futures 11-24-25
NYMEX Natural Gas futures rise as colder forecasts and strong LNG demand tighten balances heading into Thanksgiving week.
Front-Month NYMEX Contract (December 2025)
• Friday’s Close: $4.315/MMBtu
• Globex Open (7:00 AM): Up $0.110
• Intraday High: $4.445/MMBtu
• Trend: Bullish momentum continues after last week’s 14 Bcf withdrawal and colder model revisions
🗄️ Storage & Fundamentals
• EIA Withdrawal (week ending Nov 14): –14 Bcf
• Total Working Gas: 3,946 Bcf
• YoY Comparison: –23 Bcf
• 5-Year Average: +146 Bcf
• Dry Gas Production: 110.0 Bcf/day (+8.1% YoY)
• LNG Feedgas Demand: 17.85 Bcf/day (Plaquemines ramping up)
🌡️ Weather & Demand Drivers
• Forecasts (Nov 24–28):
• East & Midwest: Colder-than-normal
• West & South Central: Mild
• Heating Degree Days (HDDs): Rising in Northeast and Pacific Northwest
• Consumption: California demand up 19% WoW; Seattle HDDs hit 95
📈 Market Outlook
Natural gas futures are supported by colder weather, strong LNG exports, and the first storage withdrawal of the season. Traders are watching for a breakout above $4.50/MMBtu, with technical resistance near $4.60. Volatility remains high, and weather model shifts will continue to drive sentiment into December.
Natural Gas Futures
Read more: EIA
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