US natural gas fell about 1.67% after a larger-than-expected storage build of 80 Bcf for the week ended October 23. Mild weather is expected to keep temperatures above normal through November 13.
Production recovered to about 113.3 Bcf/d and LNG feedgas rose to 18.5 Bcf/d.
A bigger-than-expected storage build and mild weather reduce near-term heating demand, which pressures US gas prices. Rising output expected to outpace demand growth adds to the bearish outlook.
After 104 past bearish weather events, Natural Gas moved a median -7.8% over 5 sessions (22% higher; middle half -14.8% to -0.8%), and -3.3% 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.