# Natural Gas Prices Give Back Pre-Storm Gains

> Natural gas futures gave back most of the previous week's gains on Jan. 16 as warmer forecasts for later in January reduced expected heating demand. The February Nymex contract was down 10% at $2.982 per mmBtu, after freezing weather had earlier lifted prices.

- Date: 2024-01-16 · published 2024-01-16T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/32298-natural-gas-prices-give-back-pre-storm-gains
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Shifting weather outlooks drive heating-fuel demand and gas prices, which feed through to energy and nitrogen fertilizer costs for feed producers.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-02-06 | [U.S. Natural Gas Prices Dip To Four-Year Lows](https://feedsoft.ai/events/54773-u-s-natural-gas-prices-dip-to-four-year-lows.md) | +0.1% | -2.4% |
| NATGAS | 2026-01-05 | [Why Natural Gas Prices Are Slipping Despite Strong LNG Demand](https://feedsoft.ai/events/7834-why-natural-gas-prices-are-slipping-despite-strong-lng-demand.md) | -20.7% | -0.8% |
| NATGAS | 2025-06-30 | [Natural Gas Prices Cool After Heatwave Sparked 15% Gain - Finimize](https://feedsoft.ai/events/24410-natural-gas-prices-cool-after-heatwave-sparked-15-gain-finimize.md) | -4.7% | -10.7% |
| NATGAS | 2018-02-01 | [Why Natural Gas Prices Just Tanked \| OilPrice.com](https://feedsoft.ai/events/7448-why-natural-gas-prices-just-tanked-oilprice-com.md) | -14.0% | -15.1% |
| NATGAS | 2023-11-29 | [US natural gas prices slide - Markets - Business Recorder](https://feedsoft.ai/events/33342-us-natural-gas-prices-slide-markets-business-recorder.md) | -1.0% | -4.3% |

## Sources

- wsj.com: https://www.wsj.com/finance/commodities-futures/natural-gas-futures-slide-on-warmer-weather-ahead-2bca1096

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