US posts largest weekly natural gas drawdown since 2021

<p>Last week's cold snap led to one of the largest US natural gas inventory draws on record as 326bcf left the system. However after rallying in mid-January, the natural gas market was slumping last week on forecasts for warmer weather ahead.</p><p>The latest draw was close to estimates and US supplies are still at the high end of seasonal norms with producers continuing to run at full-bore. </p>

This article was written by Adam Button at www.forexlive.com.