Economic Buzz: Natural Gas gains near $3 per mmbtu

The US Natural Gas futures moved up though forecasts for milder US weather capped major gains. The Energy Information Administration reported yesterday that working gas in underground storage stood at 3,801 billion cubic feet as of Friday, October 30, 2026, marking a net increase of 77 Bcf from the prior week. Stocks remained below year-ago levels by 2.8% but are up 1.4% compared to five-year average. The commodity currently trades at $3.01 per mmbtu, up 1.76% on the day, approaching around one-week high. MCX Natural Gas futures are trading at Rs 283.30 per mmbtu, up 0.43% on the day.

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