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Commodity News Details
Natural Gas slippery near two-month low, US storage down 38 BCF
02-Jan-2026 14:21
Natural Gas futures are witnessing tepid moves today, adding to recent losses and lingering around two-month low. The counter is eying overall tepid demand amid warmer temperature in the US and tanked around 7% last session. Meanwhile, the working natural gas in storage across the US decreased by 38 billion cubic feet (BCF) in the week ending December 26 compared to the previous seven-day period to reach 3,375 billion cubic feet, the Energy Information Administration (EIA) said in its latest update. This means that on an annual level, the storage saw a drop of 55 billion cubic feet. However, the stockpiles are up by 58 billion cubic feet above the five-year average of 3,317 billion cubic feet and the total working gas was within the five-year historical range. The commodity currently trades down 1.90% at $3.61 per mmbtu.

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