Why natural gas prices are falling today
2024.12.20 11:25
Investing.com — Natural gas prices, which initially showed gains, have fallen today due to the anticipation of mild weather in the coming weeks.
However, colder conditions are expected next month. According to EBW analysts, fluctuations in the price are likely to occur.
The Energy Information Administration (EIA) reported yesterday that the stock of decreased by 125 billion cubic feet last week. This reduction is more than the five-year average of 92 billion cubic feet.
Despite the decrease, total storage still remains above the average. EBW analysts stated that the exceptionally mild two-week period ahead would provide an opportunity to replenish the inventories.
The contract for January experienced a slight decrease, falling to $3.571.
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