Investing.com — Natural gas prices, which initially showed gains, fell today on expectations of mild weather in the coming weeks.
However, colder conditions are expected next month. According to EBW analysts, price fluctuations are likely to occur.
The Energy Information Administration (EIA) reported yesterday that supplies fell by 125 billion cubic feet last week. This reduction is more than the five-year average of 92 billion cubic feet.
Despite the decrease, the total surcharge still remains above average. EBW analysts stated that the exceptionally mild two-week period would provide an opportunity to replenish stocks.
The January contract saw a slight decline, falling to $3,571.
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