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Rich Asplund

FOUND: Nat gas prices drop on a smaller than forecast draw in weekly storage - What They Never Told You

EIA United States Nymex BNEF Natural Gas

January Nymex natural gas (NGF26) on Thursday closed down by -0.116 (-2.88%).

Jan nat-gas prices gave up an early advance on Thursday and fell sharply after the weekly EIA nat-gas storage report showed a draw of less than expected. The EIA reported that nat-gas inventories fell -167 bcf for the week ended December 12, a smaller draw than expectations of -176 bcf. Nat-gas prices initially moved higher on Thursday after forecaster Vaisala said below-normal temperatures are expected in the eastern US for December 28-January 1, potentially boosting nat-gas heating demand.

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