# U.S. natgas rise on forecasts output will fall with oil price collapse

> U.S. natural gas futures rose for a third straight session on Monday, with May Nymex contracts up 2.8% to $1.802/MMBtu. Traders expected gas output to fall as oil drillers shut shale production after crude's collapse to its lowest since 1986, and they also cited forecasts for cooler weather.

- Date: 2020-04-20 · published 2020-04-20T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/12197-u-s-natgas-rise-on-forecasts-output-will-fall-with-oil-price-collapse
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Associated gas from oil wells is a large share of U.S. supply, so cutting oil drilling tightens future gas output and supports prices.

## Read by commodity

- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2020-04-22 | 5 | +17.1% | 3.0 | Natgas futures rose for a third straight session as traders expected associated gas output to fall after oil drillers shut in shale production, a direct supply-side driver within the move window. |
| NATGAS | 2020-04-21 | 5 | +14.6% | 2.8 | Natural gas futures rose for a third straight session on April 20 as traders expected associated gas output to fall after the oil price collapse, which is a direct supply-expectation driver within the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-09-28 | [U.S. natgas rise to 7-year high on record global prices](https://feedsoft.ai/events/7925-u-s-natgas-rise-to-7-year-high-on-record-global-prices.md) | +2.9% | +3.4% |
| NATGAS | 2026-10-06 | [US natgas prices hit one-week high on lower output, higher LNG flows \| MarketScreener Hong Kong](https://feedsoft.ai/events/630-us-natgas-prices-hit-one-week-high-on-lower-output-higher-lng-flows.md) | +4.0% | -6.1% |
| NATGAS | 2017-04-01 | [Gas prices will rise and there's not much we can do to stop it](https://feedsoft.ai/events/72174-gas-prices-will-rise-and-there-s-not-much-we-can-do-to-stop-it.md) | +2.7% | +2.5% |
| NATGAS | 2021-09-30 | [Why are gas prices on the rise and what does this mean for Singapore? - CNA](https://feedsoft.ai/events/45222-why-are-gas-prices-on-the-rise-and-what-does-this-mean-for-singapore-cna.md) | +4.2% | +8.1% |
| NATGAS | 2025-02-12 | [Winter Weather, LNG Demand Raises Forecast Natural Gas Benchmark Prices — The Offtake](https://feedsoft.ai/events/26218-winter-weather-lng-demand-raises-forecast-natural-gas-benchmark-prices-the.md) | +54.4% | +15.3% |

## Sources

- reuters.com: https://www.reuters.com/article/usa-natgas/us-natgas-rise-on-forecasts-output-will-fall-with-oil-price-collapse-idUSL1N2C8079/

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