Natural gas prices soar
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Stocks for the week ended January 16 were 3,065 Bcf vs. 3,185 Bcf for the week ended January 9. Net change: -120 Bcf vs. -71 Bcf for the week ended January 9. Consensus: -90B. ETFs: (UNG), (BOIL), (KOLD),
Natural gas futures plunge 8.89% as warm weather destroys demand. EIA forecasts 2% decline in 2026 with storage surplus widening above seasonal norms.
U.S. natural gas futures fell ahead of weekly inventory data that are expected to show an increase in the storage surplus over the five-year average.
1523 ET – The U.S. natural gas market takes an above-estimate weekly storage build in stride, losing ground but settling well above the day’s lows to end the week with a 5.8% gain. The EIA said inventories rose by 45 Bcf last week to 3,960 Bcf, or 172 ...