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US natural gas futures slid about 3% to a two-week low on Friday, with the April contract settling at $3.834/mmBtu. Record Lower 48 output and forecasts for milder weather through mid-March reduced expected heating demand and storage withdrawals, though record LNG feedgas flows continued.
Milder weather and record output reduce near-term demand for gas-fired power and feed-related energy costs, which weighs on natural gas prices and modestly on fertilizer (urea/ammonia) cost expectations.
tradingview.comFeb 28, 2025After 104 past bearish weather events, Natural Gas moved a median -7.8% over 5 sessions (22% higher; middle half -14.8% to -0.8%), and -3.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
