# U.S. natgas futures slide as mild weather and coronavirus cuts demand | Financial Post

> U.S. natural gas futures fell to a two-week low as forecasts pointed to milder weather and lockdowns kept businesses closed, reducing gas demand. Front-month June Henry Hub futures dropped 2.3% to about $1.78/MMBtu. Declines were limited by output cuts tied to a collapse in oil prices.

- Date: 2020-05-12 · published 2020-05-12T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/10439-u-s-natgas-futures-slide-as-mild-weather-and-coronavirus-cuts-demand-financial
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Weaker gas demand and lower power-sector burn push gas prices down, which lowers the cost of gas-linked energy and fertilizer inputs. Continued oil-driven drilling cuts may cap the downside.

## Read by commodity

- NATGAS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2020-05-12 | 5 | -18.0% | -3.4 | On the end date, Henry Hub June futures fell to a two-week low as mild weather and lockdowns cut gas demand, directly reflecting the demand-driven selloff. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-10-23 | [U.S. Natural Gas Futures Fall on Mild Near-Term Weather - WSJ](https://feedsoft.ai/events/626-u-s-natural-gas-futures-fall-on-mild-near-term-weather-wsj.md) | +2.3% | — |
| NATGAS | 2020-05-14 | [How Will Natural Gas Navigate The Post-Coronavirus World?](https://feedsoft.ai/events/10441-how-will-natural-gas-navigate-the-post-coronavirus-world.md) | +13.4% | +12.8% |
| NATGAS | 2020-03-26 | [How coronavirus will alter natural gas markets](https://feedsoft.ai/events/54311-how-coronavirus-will-alter-natural-gas-markets.md) | -5.2% | +6.3% |
| NATGAS | 2020-05-07 | [As demand for fuel falls, gas prices and output also take a hit \| Coronavirus pandemic \| Al Jazeera](https://feedsoft.ai/events/10440-as-demand-for-fuel-falls-gas-prices-and-output-also-take-a-hit-coronavirus.md) | -17.4% | -9.0% |
| NATGAS | 2023-03-24 | [US natgas prices slump after mild winter leaves big surplus \| Reuters](https://feedsoft.ai/events/37027-us-natgas-prices-slump-after-mild-winter-leaves-big-surplus-reuters.md) | -4.3% | +4.7% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/u-s-natgas-futures-slide-as-mild-weather-and-coronavirus-cuts-demand

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