Natural gas futures are experiencing a decline after recent significant gains. Traders are closely monitoring the weather forecast for mid-January, anticipating colder temperatures that could boost demand and lead to larger draws on inventories. Experts suggest that the upcoming cold blast could still have an impact on prices, as weather-driven demand rises and potential production freeze-offs could further drive up prices. However, the medium-to-long term outlook remains oversupplied, and it is expected that prices may start to decline once the market sees beyond the cold blast. Natural gas for February is currently down 3.7% at $2.787/mmBtu after a 15% gain last week.
