December Nymex natural gas (NGZ25) closed down by -1.72% on Friday due to a larger-than-expected build in weekly storage. Inventories rose by +45 bcf, higher than expected, leading to extended losses. Forecasts show warmer US temperatures, reducing heating demand. Nat-gas prices hit an 8.25-month high on Thursday due to colder US temperatures.

US nat-gas production near a record high, with a forecasted increase to 107.67 bcf/day. Lower-48 state gas production and demand remain strong. LNG net flows to US export terminals increase. Electricity output in the US rises, supporting gas prices. Weekly EIA report shows inventories up, signaling adequate supplies.

Active US nat-gas drilling rigs fell by -3 to 125, down from a recent high. Gas rigs have risen in the past year. Rich Asplund did not have positions in mentioned securities. Data is for informational purposes only. Reported by Barchart.com.

Read more at Yahoo Finance: Nat-Gas Prices Fall on a Larger-Than-Expected Build in Weekly Storage