# Natural Gas News: Will Storage Levels and Mild Forecasts Keep Bulls at Bay? | FXEmpire

> US natural gas futures fell as geopolitical risk premiums eased after Israeli strikes targeted Iranian military sites rather than oil assets. EIA data showed storage at 3,863 Bcf, 178 Bcf above the five-year average, and warm forecasts reduced heating demand into mid-November.

- Date: 2024-11-03 · published 2024-11-03T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/11714-natural-gas-news-will-storage-levels-and-mild-forecasts-keep-bulls-at-bay
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Storage running well above average and weak heating demand keep US gas in oversupply, pressuring prices lower and keeping energy input costs soft for feed producers.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-10-29 | [Natural Gas News: EIA Storage Report Could Test Bearish Trend and Spark Volatility \| FXEmpire](https://feedsoft.ai/events/1450-natural-gas-news-eia-storage-report-could-test-bearish-trend-and-spark.md) | -1.8% | — |
| NATGAS | 2023-02-01 | [EIA forecasts lower wholesale U.S. natural gas prices in 2023 and 2024](https://feedsoft.ai/events/37942-eia-forecasts-lower-wholesale-u-s-natural-gas-prices-in-2023-and-2024.md) | -7.6% | +1.2% |
| NATGAS | 2023-01-05 | [Bullish US natural gas storage report from EIA falls flat as NYMEX futures sell off](https://feedsoft.ai/events/9183-bullish-us-natural-gas-storage-report-from-eia-falls-flat-as-nymex-futures-sell.md) | -10.5% | -35.3% |
| NATGAS | 2026-07-09 | [U.S. Natural Gas Falls Hit By Storage, LNG Maintenance Issues - WSJ](https://feedsoft.ai/events/8661-u-s-natural-gas-falls-hit-by-storage-lng-maintenance-issues-wsj.md) | -9.8% | -16.6% |
| NATGAS | 2022-10-21 | [Natural Gas Extends Selloff As Latest Storage Report, Freeport News Feed the Bears](https://feedsoft.ai/events/12790-natural-gas-extends-selloff-as-latest-storage-report-freeport-news-feed-the.md) | +0.3% | +20.2% |

## Sources

- fxempire.com: https://www.fxempire.com/forecasts/article/natural-gas-news-will-storage-levels-and-mild-forecasts-keep-bulls-at-bay-1473374

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