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Natural Gas Futures Drop 7.2% Amid Mild January Forecast

1/3/2026

30 4 Full Breakdown

Summary

Story summary

In 2025, U.S. natural gas futures fell 7.2% to $3.686/mmBtu after a 38 Bcf EIA draw left inventories above the five-year average.
Blake Owen of Pinebrook Energy Advisors notes winter temperatures drive demand.
Eli Rubin of EBW Analytics says January 2026 may start mild, then turn colder.
The upcoming storage report is expected to show a 46 Bcf withdrawal, keeping inventories slightly above five-year norms for January.

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Story summary

In 2025, U.S. natural gas futures fell 7.2% to $3.686/mmBtu after a 38 Bcf EIA draw left inventories above the five-year average.
Blake Owen of Pinebrook Energy Advisors notes winter temperatures drive demand.
Eli Rubin of EBW Analytics says January 2026 may start mild, then turn colder.
The upcoming storage report is expected to show a 46 Bcf withdrawal, keeping inventories slightly above five-year norms for January.