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December Nymex natural gas settled 0.110 lower, down 3.29%, on Friday. The decline followed a 61 Bcf storage injection, above the five-year average of 40 Bcf, and forecasts of warmer weather across the eastern US.
US inventories are now 2.0% above the five-year seasonal average.
A storage surplus and warmer weather reduce near-term heating demand, which is bearish for US natural gas prices. Lower gas prices can ease nitrogen fertilizer costs.
Not enough comparable past events yet for a historical read.
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.