Natural gas futures on the NYMEX, tracked by NG=F, have shown reduced downward momentum after a steep retreat, with the December 2025 contract trading near $2.78 per million British thermal units. The slowdown in selling pressure suggests possible market stabilization amid shifting supply and demand dynamics.
- NG=F December 2025 futures traded at $2.78/MMBtu, up 1.2% from the prior session's low of $2.73
- Weekly natural gas injections slowed to 85 Bcf, down from a 110 Bcf average in November
- Total U.S. natural gas storage levels reached 3.5 trillion cubic feet as of December 6, 1.2% above the five-year average
- XNG stock rose 2.3% on early trading momentum following price stabilization
- Henry Hub spot prices have held within a 50-cent range over the past two days
- Market analysts flag $2.75–$2.85 as a potential technical support zone for natural gas futures
U.S. natural gas prices have begun to stabilize following a pronounced sell-off, with the December 2025 futures contract (NG=F) settling at $2.78/MMBtu, marking a 1.2% rebound from the prior session’s low of $2.73. This shift comes after a 4.5% drop in the previous five trading days, driven by warmer-than-expected winter forecasts and elevated storage levels. The recent deceleration in the decline indicates weakening selling pressure and potential accumulation by traders anticipating a seasonal rebound. The slowdown is being attributed to improved demand forecasts for the upcoming heating season, with the U.S. Energy Information Administration reporting that total natural gas storage inventories stood at 3.5 trillion cubic feet as of December 6—1.2% above the five-year average. Despite this surplus, the rate of weekly injections has slowed to 85 billion cubic feet, down from an average of 110 Bcf over the prior month, suggesting a tightening in supply growth. Equities linked to natural gas exploration and infrastructure, including XNG, have responded positively, with a 2.3% gain in early trading. Analysts note that the current price range around $2.75–$2.85 could serve as a technical floor if demand strengthens during the winter months. Regional spot prices in the Henry Hub have also stabilized, holding within a 50-cent range over the past 48 hours. Market participants are now assessing the balance between continuing storage build-ups and the risk of colder weather patterns in December and January. The Federal Reserve’s latest economic data, which shows a slight uptick in industrial gas consumption, may further support price resilience in the near term.