FX.co ★ Natural Gas Falls to 17-Month Low

Natural gas futures slipped 0.5% to around $2.65 per MMBtu on Friday, trading near their lowest levels since late 2024, as ample supply and muted demand continued to pressure prices. The EIA reported a 50 Bcf injection into storage, up from the previous week’s 36 Bcf build, reinforcing expectations of a well-supplied market. At the same time, mild weather forecasts across key U.S. regions are keeping heating demand subdued, while production remains near record highs, adding further downward pressure. Abundant supply and weak heating demand have pushed natural gas prices down 28% year-to-date.