Why Are Natural Gas Prices Falling Today?

Investing.com -- Initially rising natural gas prices fell today due to expectations of mild weather in the upcoming weeks. However, colder conditions are anticipated next month. According to EBW analysts, price fluctuations are likely. The Energy Information Administration (EIA) reported yesterday that natural gas stocks decreased by 125 billion cubic feet last week. This decline is greater than the five-year average of 92 billion cubic feet. Despite the decrease, total stocks remain above average. EBW analysts noted that the extraordinary mild period over the next two weeks will provide an opportunity to replenish inventories. The January contract experienced a slight decline, dropping to $3.571.