# U.S. natgas futures jump 7% to 5-week high on hotter forecasts | Reuters

> US natural gas futures jumped about 7% to a five-week high on forecasts of hotter weather and higher demand. Extreme heat pushed power demand to record highs in several regions.

- Date: 2022-07-18 · published 2022-07-18T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/40666-u-s-natgas-futures-jump-7-to-5-week-high-on-hotter-forecasts-reuters
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Heat-driven power burn and tighter storage refill expectations lift US gas prices, which feed into fertilizer and energy costs.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-08-28 | [UPDATE 2-U.S. natgas futures jump to fresh 9-month high following contract roll By Reuters](https://feedsoft.ai/events/51816-update-2-u-s-natgas-futures-jump-to-fresh-9-month-high-following-contract-roll.md) | -5.8% | -20.9% |
| NATGAS | 2024-01-08 | [UPDATE 1-US natgas prices up 3% to 7-week high on extreme cold forecasts](https://feedsoft.ai/events/4190-update-1-us-natgas-prices-up-3-to-7-week-high-on-extreme-cold-forecasts.md) | +134.5% | -25.5% |
| NATGAS | 2023-08-31 | [US natgas prices rise 2% to 3-week high on hot forecasts, output decline - Markets - Business Recorder](https://feedsoft.ai/events/34749-us-natgas-prices-rise-2-to-3-week-high-on-hot-forecasts-output-decline-markets.md) | -4.5% | +7.9% |
| NATGAS | 2019-09-03 | [U.S. natgas futures rise to 7-wk high on forecasts for more demand - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/57258-u-s-natgas-futures-rise-to-7-wk-high-on-forecasts-for-more-demand-energy-news.md) | +13.4% | +1.8% |
| 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% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/us-natgas-futures-jump-7-5-week-high-hotter-forecasts-2022-07-18/

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