Natural gas futures hit a 25-year low last week as a large inventory build and low demand weighed on the market. Last week’s EIA natural gas storage report showed a build that exceeded most projections. After an increase of 120 bcf from the previous week, stocks are now 739 bcf higher year-over-year and just barely within the five-year maximum. The average build for this week is 60 bcf with a range of 42 to 79. As a result, futures contracts traded as low as $1.47/mmbtu, a print not seen since August 1995. The record low is $1.05/mmbtu from 1992.

Read More:

• https://www.bloomberg.com/energy
• http://ir.eia.gov/ngs/ngs.html
• https://www.barrons.com/articles/natural-gas-falls-to-25-year-low-as-storage-builds-51593107057#:~:text=Natural%20gas%20futures%20were%20down,which%20it%20hit%20in%201992.
• https://oilprice.com/Energy/Gas-Prices/Natural-Gas-Drops-To-25-Year-Low-As-Demand-Disintegrates.html