# Prompt Month Natural Gas Futures Sink 10% as Geopolitical Risks ‘Evaporate’ — MidDay Market Snapshot

> Prompt-month natural gas futures fell over 10% in midday trading as a geopolitical premium tied to Israeli strikes on Iran evaporated. Lackluster early heating demand and a broader energy sell-off added to the decline, while LNG feedgas flows rebounded above 13.5 Bcf/d.

- Date: 2024-10-28 · published 2024-10-28T12:00:00.000Z
- Category: geopolitics · region US · magnitude low
- Page: https://feedsoft.ai/events/11712-prompt-month-natural-gas-futures-sink-10-as-geopolitical-risks-evaporate-midday
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The loss of geopolitical risk premium and weak heating demand push US gas prices lower, easing energy costs for feed processors.

## Read by commodity

- WTI: bearish ▼
- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-02-02 | [NYMEX Overview: Futures Move Lower as Geopolitical Tensions Cool -- OPIS](https://feedsoft.ai/events/5921-nymex-overview-futures-move-lower-as-geopolitical-tensions-cool-opis.md) | -30.8% | -46.8% |
| NATGAS | 2022-05-10 | [Gas prices drop as Russia says sanctions will not affect gas payments from Europe](https://feedsoft.ai/events/12160-gas-prices-drop-as-russia-says-sanctions-will-not-affect-gas-payments-from.md) | +6.5% | +23.4% |
| NATGAS | 2020-01-01 | [European Gas Prices Fall as Ukraine, Russia Deal Averts Crisis](https://feedsoft.ai/events/55767-european-gas-prices-fall-as-ukraine-russia-deal-averts-crisis.md) | -1.1% | -11.9% |
| NATGAS | 2020-02-07 | [The Commodities Feed: More OPEC+ cuts coming \| snaps \| ING THINK](https://feedsoft.ai/events/54748-the-commodities-feed-more-opec-cuts-coming-snaps-ing-think.md) | +1.4% | -6.8% |
| NATGAS | 2022-05-11 | [European Gas Falls as Traders Shrug Off Russia Supply Risk - Bloomberg](https://feedsoft.ai/events/12158-european-gas-falls-as-traders-shrug-off-russia-supply-risk-bloomberg.md) | +17.0% | +28.0% |
| WTI | 2025-11-21 | [Market Talk \| Diesel Futures Slide For Third Day Amid Geopolitical Tensions And Refinery Setbacks](https://feedsoft.ai/events/9310-market-talk-diesel-futures-slide-for-third-day-amid-geopolitical-tensions-and.md) | -2.0% | -5.0% |
| WTI | 2026-02-02 | [NYMEX Overview: Futures Move Lower as Geopolitical Tensions Cool -- OPIS](https://feedsoft.ai/events/5921-nymex-overview-futures-move-lower-as-geopolitical-tensions-cool-opis.md) | -1.6% | +9.9% |
| WTI | 2018-04-02 | [Oil falls as geopolitical anxiety 'comes racing out of the market'](https://feedsoft.ai/events/10847-oil-falls-as-geopolitical-anxiety-comes-racing-out-of-the-market.md) | -4.4% | +5.0% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/prompt-month-natural-gas-futures-sink-10-as-geopolitical-risks-evaporate-midday-market-snapshot/

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