Natural Gas futures drop nearly 2% on intraday reversal. 10/8/26

Bob Iaccino reviews the latest price action in Natural Gas futures, noting a significant intraday reversal for the November contract. After gapping higher to touch a high of $3.298, prices steadily dropped throughout the day to finish nearly 2% lower. Iaccino breaks down today's EIA report, which posted a build of 85 billion cubic feet—narrowing the supply surplus relative to the five-year average down to 68 billion cubic feet. Finally, he outlines the national weather outlook, discussing how high pressure systems are limiting near-term demand while a developing tropical system in the Gulf Coast may bring moderate demand in the coming days. Learn more about trading futures and options at CME Group: https://www.cmegroup.com/markets/energy.html #NaturalGas #Energy #Commodities