# US natgas prices climb 4% on small storage build, hot weather forecasts

> U.S. natural gas futures climbed about 4% after falling to a 10-week low the previous day. The gain followed a smaller-than-expected storage build for the week ended July 12 and forecasts for hot weather in late July and early August.

- Date: 2024-07-18 · published 2024-07-18T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/29453-us-natgas-prices-climb-4-on-small-storage-build-hot-weather-forecasts
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A small storage build and heat-driven power demand tighten the U.S. gas balance, supporting energy costs for grain drying, processing and fertiliser production.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2025-07-24 | [US natural gas prices climb on heat forecast, smaller storage build](https://feedsoft.ai/events/23959-us-natural-gas-prices-climb-on-heat-forecast-smaller-storage-build.md) | -2.1% | -9.8% |
| NATGAS | 2018-11-06 | [Natural gas prices surge on surprise forecast for cold US weather](https://feedsoft.ai/events/6487-natural-gas-prices-surge-on-surprise-forecast-for-cold-us-weather.md) | +9.1% | +24.8% |
| NATGAS | 2024-07-30 | [US natgas prices jump 4% on forecast for record heat](https://feedsoft.ai/events/29450-us-natgas-prices-jump-4-on-forecast-for-record-heat.md) | -1.0% | +7.2% |
| NATGAS | 2021-10-22 | [U.S. natgas up 3% on forecasts cooler weather will boost heating](https://feedsoft.ai/events/11750-u-s-natgas-up-3-on-forecasts-cooler-weather-will-boost-heating.md) | +14.0% | -2.0% |
| NATGAS | 2026-08-27 | [Hot US Temps and Below-Normal Storage Build Lifts Nat-Gas Prices](https://feedsoft.ai/events/18064-hot-us-temps-and-below-normal-storage-build-lifts-nat-gas-prices.md) | +3.2% | +11.3% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/us-natgas-prices-climb-4-small-storage-build-hot-weather-forecasts-2024-07-18/

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