# U.S. natgas futures surge over 6% for second day on cold November forecasts - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> US natural gas futures rose over 6% for a second straight day, settling at $2.597 per mmBtu, the highest close since September 18. The rally followed forecasts that cold weather across much of the country would persist through mid-November, which could bring earlier storage withdrawals. Traders noted the front-month was technically overbought.

- Date: 2019-10-29 · published 2019-10-29T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/12163-u-s-natgas-futures-surge-over-6-for-second-day-on-cold-november-forecasts
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Colder forecasts raise expected heating demand and draw on storage, supporting prices into winter. Gas is a key fuel for power generation, so a sustained cold outlook also tends to lift feed-grain and energy-linked costs.

## Read by commodity

- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2019-10-31 | 5 | +19.4% | 2.9 | Futures surged over 6% for a second day to the highest close since mid-September on cold forecasts through mid-November that could bring earlier storage withdrawals (weather-driven demand). |
| NATGAS | 2019-10-28 | 1 | +8.2% | 3.0 | Cold November forecasts lifted front-month futures over 6% in consecutive sessions, with the move extending through the 2019-10-28 window and raising expected heating demand and earlier storage withdrawals. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-11-08 | [U.S. natgas futures jump 9% on colder November forecasts - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/7579-u-s-natgas-futures-jump-9-on-colder-november-forecasts-energy-news-top.md) | +7.4% | -11.6% |
| NATGAS | 2018-11-07 | [Commentary: U.S. natural gas prices surge on cold weather forecast - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/62209-commentary-u-s-natural-gas-prices-surge-on-cold-weather-forecast-energy-news.md) | +15.8% | +29.1% |
| NATGAS | 2019-09-03 | [U.S. natgas futures rise to 7-wk high on forecasts for more demand - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/57258-u-s-natgas-futures-rise-to-7-wk-high-on-forecasts-for-more-demand-energy-news.md) | +13.4% | +1.8% |
| NATGAS | 2022-12-12 | [U.S. natgas rallies 10% as cold weather seen boosting demand - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/11508-u-s-natgas-rallies-10-as-cold-weather-seen-boosting-demand-energy-news-top.md) | +18.6% | -37.7% |
| NATGAS | 2019-10-01 | [U.S. natgas futures rise as cooler weather view offsets stock build - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/56758-u-s-natgas-futures-rise-as-cooler-weather-view-offsets-stock-build-energy-news.md) | -0.8% | +5.0% |

## Sources

- energynow.com: https://energynow.com/2019/10/u-s-natgas-futures-surge-over-6-for-second-day-on-cold-november-forecasts/

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