January natural gas prices traded lower during the early morning hours as they retraced yesterday's gains. Data from the EIA showed US natural gas storage falling by 1 bcf, which was quite different than expectations for a 10 bcf injection. Total US natural gas storage stands at 3,851 bcf or 7.3% above the 5 year average. Over the last four weeks natural gas storage has increased 57 bcf.
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