Markets

Morning Natural Gas Market Report

January natural gas prices traded down to another new contract low during the early morning hours. Natural gas prices rallied Thursday in response to EIA storage data that showed a slightly larger than expected storage decline. The weekly report showed a draw of 102 bcf, which brought total storage to 3,729 bcf or 10.3% above the 5 year average. Over the last four weeks natural gas storage has declined 114 bcf. However, the same issues continue to plague the natural gas market, including a record production pace and unseasonably warm temperatures in key demand areas across the US.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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