Welcome to the diverging view edition of Natural Gas Daily!
For the week ending 12/13, we have a storage draw of -100 Bcf.
Weather Models Diverge On When The Cold Blast Hits
Natural gas prices are grinding lower today on the back of a more mixed outlook. Both ECMWF-EPS and GFS-ENS show more neutral conditions towards year-end, which is not what the bulls wanted.
The difference between ECMWF-EPS and GFS-ENS at the moment has to do with when the stratospheric warming takes place.
GFS-ENS 15-day
Source: WeatherModels.com
ECMWF-EPS 15-day
Source: WeatherModels.com
For example, in the