# As Storage Draws Down and Demand Mounts, January Natural Gas Futures Debut in Bullish Form

> The EIA reported an 11 Bcf natural gas storage withdrawal for the week ended November 21, steeper than market expectations. The January Nymex contract settled at $4.558 per mmBtu, with production near 110 Bcf per day.

- Date: 2025-11-26 · published 2025-11-26T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/22131-as-storage-draws-down-and-demand-mounts-january-natural-gas-futures-debut-in
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A larger-than-expected draw tightens the storage outlook heading into winter, supporting Henry Hub prices. Higher gas prices feed through to nitrogen fertilizer and energy costs.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-07-02 | [August Natural Gas Futures Jump After Lower Storage Injection, Signs of Stronger Demand](https://feedsoft.ai/events/11172-august-natural-gas-futures-jump-after-lower-storage-injection-signs-of-stronger.md) | +8.8% | +8.3% |
| NATGAS | 2024-01-11 | [Natural Gas Futures Rise on Big Storage Withdrawal - WSJ](https://feedsoft.ai/events/4188-natural-gas-futures-rise-on-big-storage-withdrawal-wsj.md) | -11.3% | -41.9% |
| NATGAS | 2020-09-09 | [U.S. Natural Gas Prices to Average $3.40 in January as Domestic, Overseas Demand Climbs, Says EIA](https://feedsoft.ai/events/51302-u-s-natural-gas-prices-to-average-3-40-in-january-as-domestic-overseas-demand.md) | -4.2% | -8.8% |
| NATGAS | 2024-09-19 | [Natural Gas Futures Regain Footing as Bulls Win Tug-of-War After EIA Storage Print](https://feedsoft.ai/events/28491-natural-gas-futures-regain-footing-as-bulls-win-tug-of-war-after-eia-storage.md) | +14.4% | -0.4% |
| NATGAS | 2025-11-12 | [Henry Hub Natural Gas Prices Poised to Ramp as Demand Mounts, EIA Says](https://feedsoft.ai/events/22134-henry-hub-natural-gas-prices-poised-to-ramp-as-demand-mounts-eia-says.md) | -3.4% | +10.6% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/as-storage-draws-down-and-demand-mounts-january-natural-gas-futures-debut-in-bullish-form/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.