# Mild Weather Pushes US Natgas Lower for Week | Energy Intelligence

> November Nymex natural gas futures fell 4.7% on Friday to close below $3 per million Btu, after trading as low as $2.955. The contract lost 9% over the week on forecasts for mild weather and limited heating demand.

- Date: 2016-10-21 · published 2016-10-21T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/10115-mild-weather-pushes-us-natgas-lower-for-week-energy-intelligence
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Forecasts of mild weather reduce expected heating load, pushing gas prices lower and easing energy costs for drying and processing feed ingredients.

## Read by commodity

- NATGAS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2016-10-21 | 1 | -5.6% | -3.0 | Reports the Oct 21 drop of about 4.7% to below $3/MMBtu on mild-weather forecasts curbing heating demand, directly matching the date and direction of the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-01-03 | [Warm Winter Weather Pushes US Natgas Prices Lower \| Energy Intelligence](https://feedsoft.ai/events/9186-warm-winter-weather-pushes-us-natgas-prices-lower-energy-intelligence.md) | -4.8% | -32.8% |
| NATGAS | 2026-01-06 | [US natgas futures slide 5% to 10-week low as mild winter weather curbs demand](https://feedsoft.ai/events/7829-us-natgas-futures-slide-5-to-10-week-low-as-mild-winter-weather-curbs-demand.md) | -0.2% | +17.0% |
| NATGAS | 2016-11-08 | [Market Watch \| Energy Intelligence](https://feedsoft.ai/events/74031-market-watch-energy-intelligence.md) | -3.5% | +37.2% |
| NATGAS | 2026-01-02 | [US natural gas futures start year lower on mild weather outlook](https://feedsoft.ai/events/7832-us-natural-gas-futures-start-year-lower-on-mild-weather-outlook.md) | -17.9% | +45.6% |
| NATGAS | 2023-11-06 | [US natgas prices drop 7% on record output, mild weather](https://feedsoft.ai/events/6385-us-natgas-prices-drop-7-on-record-output-mild-weather.md) | -11.7% | -16.2% |

## Sources

- energyintel.com: https://www.energyintel.com/0000017b-a7d0-de4c-a17b-e7d23f8f0000

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.