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US natural gas futures fell to a seven-month low after a larger-than-expected EIA storage build of 50 bcf. Mild weather lowered heating demand, and Permian pipeline constraints kept Waha cash prices negative for a record run of days.
A bigger storage build and weak demand point to softer US gas prices, easing energy costs for feed and fertiliser production.
After 62 past bearish report events, Natural Gas moved a median -3.0% over 5 sessions (42% higher; middle half -7.6% to +4.6%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.