# Crude Oil and Natural Gas Futures Plunge on Tuesday - Oklahoma Energy Today

> WTI settled down $1.39 (2.6%) at $52.33 and Brent fell $1.35 to $55.47 as traders awaited OPEC compliance data. Natural gas futures dropped nearly 11% to $3.327 per mmBtu on warmer weather forecasts that cut heating demand.

- Date: 2017-01-04 · published 2017-01-04T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/11910-crude-oil-and-natural-gas-futures-plunge-on-tuesday-oklahoma-energy-today
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Warmer forecasts reduce near-term heating demand and pressure gas prices, while doubts about OPEC output cuts weigh on crude.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-01-04 | [Natural Gas Prices Are Plunging On a Warmer Start to Winter - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/9188-natural-gas-prices-are-plunging-on-a-warmer-start-to-winter-energy-news-top.md) | -8.8% | -32.9% |
| NATGAS | 2024-10-18 | [USA 'Zombie Summer' Saps Energy Demand and Natural Gas Prices](https://feedsoft.ai/events/10307-usa-zombie-summer-saps-energy-demand-and-natural-gas-prices.md) | +0.0% | +6.9% |
| NATGAS | 2025-01-27 | [As Weather Outlooks Erase Cold, Natural Gas Futures Tank on Weaker Demand Expectations](https://feedsoft.ai/events/26693-as-weather-outlooks-erase-cold-natural-gas-futures-tank-on-weaker-demand.md) | -24.1% | -0.2% |
| NATGAS | 2020-09-21 | [October Natural Gas Futures Drop amid LNG Setback, Storms and Cooler Temps](https://feedsoft.ai/events/6763-october-natural-gas-futures-drop-amid-lng-setback-storms-and-cooler-temps.md) | +12.8% | +36.9% |
| NATGAS | 2016-10-31 | [US natural gas prices caught in the crossfire - Arabs Today](https://feedsoft.ai/events/9181-us-natural-gas-prices-caught-in-the-crossfire-arabs-today.md) | -15.1% | +0.4% |
| WTI | 2017-01-03 | [The End Of The Rally? Oil Reverses, Natural Gas Trounced \| OilPrice.com](https://feedsoft.ai/events/11916-the-end-of-the-rally-oil-reverses-natural-gas-trounced-oilprice-com.md) | -3.3% | -1.8% |
| WTI | 2026-02-02 | [Market Talk \| Energy Markets Stumble As Diesel Plunges And Winter Storms Stress The Grid](https://feedsoft.ai/events/5920-market-talk-energy-markets-stumble-as-diesel-plunges-and-winter-storms-stress.md) | -1.6% | +9.9% |
| WTI | 2024-10-29 | [Analysts Explain USA Natural Gas Price Drop \| Rigzone](https://feedsoft.ai/events/8122-analysts-explain-usa-natural-gas-price-drop-rigzone.md) | +6.1% | +2.5% |

## Sources

- archive.okenergytoday.com: https://archive.okenergytoday.com/2017/01/crude-oil-natural-gas-futures-plunge-tuesday/

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