0844 ET - U.S. natural gas futures pull back from yesterday's three-year highs reached amid winter storm Fern that lifted consumption and caused major production freeze-offs. Residential and commercial demand hit a seasonal high 69 Bcf on Monday, and electricity generators used an estimated 50 Bcf, "a level that rivals the hottest days of last summer," Andy Huenefeld of Pinebrook Energy Advisors says in a note. "Demand is expected to remain extremely elevated until temperatures begin to moderate early next week," maintaining extreme pricing in physical markets, he adds. Nymex gas for February delivery is off 3.2% at $6.581/mmBtu ahead of tomorrow's expiration. The March contract is down 3.8% at $3.749/mmBtu.(anthony.harrup@wsj.com)
(END) Dow Jones Newswires
January 27, 2026 08:44 ET (13:44 GMT)
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