February Nymex natural gas (NGG24) on Wednesday closed -0.151 (-4.73%).
Nat-gas prices on Wednesday fell sharply and posted their first decline in the last seven sessions. Fund profit-taking emerged in nat-gas prices on the expectation that U.S. nat-gas supplies would remain ample despite the arrival of Arctic cold moving into the lower 48 U.S. states. Current U.S. nat-gas supplies are abundant as EIA nat-gas inventories are +13.0% above their 5-year seasonal average.
