◂ Event Timeline

Nov 1, 2022WEATHERUS

U.S. natgas futures drop 10% on profit-taking, mild forecasts

U.S. natural gas futures fell about 10% on Tuesday after a 12% rise the previous day. Traders took profits amid high volatility after forecasts pointed to mild weather for the next two weeks.

WHY IT MATTERS

Milder forecasts reduce near-term heating demand and pressure gas prices lower, easing energy input costs for feed and fertilizer production.

AFFECTSNatural Gas▼

SOURCE
reuters.comNov 1, 2022

Price reaction & history

Natural Gas▼bearishSO FAR1d -9.5%5d +0.3%20d +16.9%

After 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.

Feb 7, 2022U.S. natgas futures drop 6% on forecasts for less cold, rising output | Financial Post-19.2%
Oct 15, 2021U.S. natgas falls near 5% on mild forecast, drop in global prices | Reuters-13.4%
Nov 6, 2023US natgas prices drop 7% on record output, mild weather-11.7%
Jan 21, 2025U.S. Natural Gas Futures Fall on Milder February Outlook - WSJ-40.6%
Dec 23, 2019U.S. natgas futures down nearly 5% on warmer weather forecasts - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com-7.7%

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.

Natural Gas NATGAS · GP ▸

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