🔴 Natural Gas is trading 5% down today as mild forecasts curb heating demand

Natural Gas is trading 5.07% down at $3.07 as forecasts for mild U.S. weather reduce heating demand.

• Reuters reported November natural gas futures fell about 4% on October 16 as mild weather lowered demand forecasts and output increased slightly in recent days.
• The October 19 drop continues pressure from expectations that above-normal temperatures will curb near-term consumption.
• A smaller-than-expected storage build and reduced production had offered some support.