# The End Of The Rally? Oil Reverses, Natural Gas Trounced | OilPrice.com

> Crude oil reversed its early gains as a stronger dollar weighed on prices, while natural gas fell about 12% on forecasts of much warmer winter weather. OPEC and non-OPEC output cuts were in focus, with Kuwait and Oman reporting early compliance.

- Date: 2017-01-03 · published 2017-01-03T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/11916-the-end-of-the-rally-oil-reverses-natural-gas-trounced-oilprice-com
- 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), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes dollar-priced crude more expensive for foreign buyers, and warm weather cuts gas heating demand.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- BRENT: bearish ▼
- NATGAS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2017-01-03 | 1 | -9.4% | -3.1 | Reports natural gas falling about 12% on Jan 3 on forecasts of much warmer winter weather, which lowers heating demand. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2018-02-01 | [Why Natural Gas Prices Just Tanked \| OilPrice.com](https://feedsoft.ai/events/7448-why-natural-gas-prices-just-tanked-oilprice-com.md) | -14.0% | -15.1% |
| NATGAS | 2019-11-30 | [Natural Gas Prices Crash On Warm Weather Warnings \| OilPrice.com](https://feedsoft.ai/events/56244-natural-gas-prices-crash-on-warm-weather-warnings-oilprice-com.md) | -2.0% | -10.4% |
| NATGAS | 2026-01-07 | [Natural Gas Is Trading Like The Winter Is Over](https://feedsoft.ai/events/7833-natural-gas-is-trading-like-the-winter-is-over.md) | +3.6% | +58.0% |
| 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% |
| NATGAS | 2016-11-03 | [Natural Gas Bears Take Over the Market - Burton Energy Group](https://feedsoft.ai/events/9175-natural-gas-bears-take-over-the-market-burton-energy-group.md) | -8.1% | +25.5% |
| WTI | 2017-01-04 | [Crude Oil and Natural Gas Futures Plunge on Tuesday - Oklahoma Energy Today](https://feedsoft.ai/events/11910-crude-oil-and-natural-gas-futures-plunge-on-tuesday-oklahoma-energy-today.md) | -2.9% | +2.9% |
| 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% |
| WTI | 2024-10-29 | [Daily Natural Gas Market Update  10-29-24](https://feedsoft.ai/events/11713-daily-natural-gas-market-update-10-29-24.md) | +6.1% | +2.5% |

## Sources

- oilprice.com: https://oilprice.com/Energy/Energy-General/The-End-Of-The-Rally-Oil-Reverses-Natural-Gas-Trounced.html

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