# Natural gas futures add one percent

> Natural gas futures rose over 1% on Nov 2, 2017 to about $2.94 per MMBtu as the dollar index fell. The EIA reported a 65 bcf storage build for the week ending October 27, slightly above analyst expectations of 63 bcf.

- Date: 2017-11-02 · published 2017-11-02T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/10190-natural-gas-futures-add-one-percent
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A storage build above expectations is mildly bearish for gas, but the gain in futures reflects a weaker dollar. Limited direct effect on feed commodities.

## Read by commodity

- DXY: bearish ▼
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-01-11 | [Natural Gas Futures Rise on Big Storage Withdrawal - WSJ](https://feedsoft.ai/events/4188-natural-gas-futures-rise-on-big-storage-withdrawal-wsj.md) | -11.3% | -41.9% |
| NATGAS | 2024-09-19 | [Natural Gas Futures Regain Footing as Bulls Win Tug-of-War After EIA Storage Print](https://feedsoft.ai/events/28491-natural-gas-futures-regain-footing-as-bulls-win-tug-of-war-after-eia-storage.md) | +14.4% | -0.4% |
| NATGAS | 2020-09-25 | [US natural gas futures jump on rising LNG exports - Markets - Business Recorder](https://feedsoft.ai/events/51301-us-natural-gas-futures-jump-on-rising-lng-exports-markets-business-recorder.md) | -3.5% | +44.0% |
| NATGAS | 2021-08-26 | [Natural Gas Futures Prices Surge to Near $4.20 on EIA’s ‘Very Tight’ 29 Bcf Storage Build](https://feedsoft.ai/events/45738-natural-gas-futures-prices-surge-to-near-4-20-on-eia-s-very-tight-29-bcf.md) | +14.4% | +25.1% |
| NATGAS | 2017-10-29 | [World natural gas prices projected to rise 3 percent in 2018: World Bank \| Emirates News Agency](https://feedsoft.ai/events/68635-world-natural-gas-prices-projected-to-rise-3-percent-in-2018-world-bank.md) | +3.6% | +5.9% |
| DXY | 2021-07-30 | [Oil Futures Slip Ahead of Expiries After Thursday's Rally](https://feedsoft.ai/events/45973-oil-futures-slip-ahead-of-expiries-after-thursday-s-rally.md) | +0.3% | +1.2% |
| DXY | 2026-07-30 | [Euro rises as Eurozone growth outpaces forecasts](https://feedsoft.ai/events/7686-euro-rises-as-eurozone-growth-outpaces-forecasts.md) | -1.2% | -1.9% |
| DXY | 2019-04-29 | [US Dollar Soft On Personal Consumption Expenditure Misses](https://feedsoft.ai/events/59762-us-dollar-soft-on-personal-consumption-expenditure-misses.md) | -0.2% | +0.5% |

## Sources

- economies.com: https://www.economies.com/commodities/natural-gas-news/natural-gas-futures-add-one-percent-20988

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