Natural Gas Daily Brief: Thursday, November 12, 2026
Heating demand 3 below normal this week; storage 54 above the 5-year average.
The short version
- Heating demand, next 6 days: 115 heating degree days, 3 below the normal of 118.
- Forecast change: 5 heating degree days colder than the previous day's forecast.
- Storage: 3,801 Bcf, 54 above the 5-year average and 109 below last year.
- Power burn: down 1% week over week.
- Positioning: managed money net short 225,359 contracts.
- Price drivers: 4 bullish, 3 bearish and 4 neutral readings by our fixed rules; overall mixed.