Natural gas futures have fallen below the $3 per million British thermal units threshold, dropping 0.7% to $2.99 per mmBtu. EBW Analytics notes that futures are looking for support, but the end of the month could halt the decline. The firm warns that 'phantom first-of-month declines are probable tomorrow' due to volatile and imprecise day-to-day production readings.

The duration of the price slide depends on how long warmer-than-normal weather persists in the eastern U.S. EBW suggests month-end dynamics may provide temporary stabilization, though underlying market pressures remain tied to regional weather patterns and supply-demand fundamentals. ([email protected]).