# Natural-Gas Prices Remain Under Pressure Despite Cold Snap

> U.S. natural gas storage stood at about 3.3 trillion cubic feet in the week ended Jan. 5, 12% above the five-year average and the highest entering winter since 2020. Withdrawals since November have run 28% below the five-year average, and prices are up 7.9% year to date at $2.51 per mmBtu but still about 21% below a year earlier.

- Date: 2024-02-01 · published 2024-02-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32292-natural-gas-prices-remain-under-pressure-despite-cold-snap
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Ample storage cushions supply against winter demand, which caps upside in natural gas prices and weakens the energy-cost argument for feed-grain and fertilizer inputs.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- wsj.com: https://www.wsj.com/finance/commodities-futures/natural-gas-prices-remain-under-pressure-despite-cold-snap-25c33973

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