Nat Gas Prices Plunge As "December Could End Top 3 Warmest All Time" Tyler Durden Mon, 12/07/2020 - 18:30 Nat gas futures plunged Monday morning on new weather models suggesting "December could end top 3 warmest all time," according to weather forecasters https://twitter.com/bamwxcom!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs");. "BAMWXWeek 3/4 forecast guidance via the CFS/GEFS suggesting December could end top 3 warmest all time. Similar cases in years past go on to suggest Winters run incredibly warm. Our top analogs going forward would favor a top 5 warmest winter on record scenario." Nat gas futures are getting clobbered, down more than 6% to around $2.42. "It's hard to look at a near-term temperature forecast such as this & NOT be surprised when #natgas gaps down 7%. All of the bullish catalysts—record LNG exports, stalled production, strengthening powerburn, tight S/D imbalance—are ignored, for right or wrong, in this environment," one energy trader said. It’s hard to look at a near-term temperature forecast such as this & NOT be surprised when https://twitter.com/hashtag/natgas?src=hash&ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); gaps down 7%. All of the bullish catalysts—record LNG exports, stalled production, strengthening powerburn, tight S/D imbalance—are ignored, for right or wrong, in this environment. pic.twitter.com/pAALavWcFW — Celsius Energy (@CelsiusEnergyFM) https://twitter.com/CelsiusEnergyFM/status/1335929862918451201?ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); Blame the abnormally warm weather on La Nina?