# Nat-Gas Follows a Slump in European Gas Prices

> November Nymex natural gas closed down about 4.3% on Friday, following a slump in European gas prices to a 3.5-month low. Forecasts for above-normal U.S. temperatures from October 24-28 reduced expected heating demand, while the Nord Stream 1 pipeline damage removed any near-term prospect of Russian gas resuming.

- Date: 2022-10-14 · published 2022-10-14T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12791-nat-gas-follows-a-slump-in-european-gas-prices
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Warmer forecasts cut heating demand and weigh on natural gas prices, while the pipeline outage supports European gas prices. Energy cost moves feed through to processing and fertilizer costs.

## Read by commodity

- NATGAS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2022-10-21 | 5 | -25.1% | -2.8 | Falling European prices and warm US forecasts cut expected heating demand and lowered the front-month contract at the start of the window. |

## Sources

- barchart.com: https://www.barchart.com/story/news/10781225/nat-gas-follows-a-slump-in-european-gas-prices

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