Natural Gas Prices Fell Due To Lower Demand Forecasts And Increased Output Levels.
Natural gas settled down by -0.4% at 173.2, influenced by reduced demand forecasts for the next two weeks and increasing output levels.
The market was weighed down by expectations of above-average temperatures until at least February 15, with a return to normal anticipated on February 16-17.
The prospect of colder weather later in the month is expected to boost heating demand. However, rising gas production, as wells resume operations after the mid-January Arctic freeze, contributed to the downward pressure on prices.