# U.S. natgas climbs to 2-month high on hot weather, pipe shutdown | Financial Post

> U.S. natural gas futures rose to a two-month high as hot weather forecasts pointed to two more weeks of high cooling demand. Unplanned work on TC Energy's Mountaineer Xpress pipeline in West Virginia also pushed output toward a record monthly drop.

- Date: 2020-07-07 · published 2020-07-07T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/11169-u-s-natgas-climbs-to-2-month-high-on-hot-weather-pipe-shutdown-financial-post
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Hotter weather lifts power-burn demand and the pipeline outage tightens near-term supply, supporting higher gas prices despite bloated storage. Higher gas costs raise the price of gas-fired power and nitrogen fertilizer inputs.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-08-04 | [U.S. natgas rises to highest since January on surging LNG exports, hot weather \| Financial Post](https://feedsoft.ai/events/10737-u-s-natgas-rises-to-highest-since-january-on-surging-lng-exports-hot-weather.md) | +7.0% | +21.5% |
| NATGAS | 2022-12-15 | [U.S. natgas jumps 7% as LNG exports rise, some wells shut due to cold \| Financial Post](https://feedsoft.ai/events/11506-u-s-natgas-jumps-7-as-lng-exports-rise-some-wells-shut-due-to-cold-financial.md) | -11.8% | -47.2% |
| NATGAS | 2024-07-18 | [US natgas prices climb 4% on small storage build, hot weather forecasts](https://feedsoft.ai/events/29453-us-natgas-prices-climb-4-on-small-storage-build-hot-weather-forecasts.md) | +2.5% | +9.6% |
| NATGAS | 2021-10-22 | [U.S. natgas up 3% on forecasts cooler weather will boost heating](https://feedsoft.ai/events/11750-u-s-natgas-up-3-on-forecasts-cooler-weather-will-boost-heating.md) | +14.0% | -2.0% |
| NATGAS | 2022-09-28 | [U.S. natgas up 3% as contract expires, global prices surge \| Financial Post](https://feedsoft.ai/events/39772-u-s-natgas-up-3-as-contract-expires-global-prices-surge-financial-post.md) | -9.8% | -20.1% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/u-s-natgas-climbs-to-2-month-high-on-hot-weather-pipe-shutdown

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