Natural Gas ETFs Push Higher as Cold Conditions Extend | Page 2 of 2 | ETF Trends

Total natural gas inventories stood at 2.533 trillion cubic feet, or down 77 billion cubic feet year-over-year, and 327 billion below its five-year average.

“It was warmer than normal over almost the entire country” during this week’s storage report period, “especially so across the Midwest and central U.S.,” NatGasWeather said.

With supply hovering below historical averages, traders are looking more closely to the demand side, especially to weather forecasts ahead that point to any signs of cold weather heating demand.

For more information on the natgas market, visit our natural gas category.