# U.S. natgas futures ease 2% on lower demand forecasts

> U.S. natural gas futures slipped about 2% on forecasts for lower demand and expectations that the extended Freeport LNG shutdown would let utilities rebuild low storage. The decline came despite record Texas power demand and forecasts for hotter U.S. weather. European benchmark TTF prices rose about 7% after Russia cut pipeline exports to Europe.

- Date: 2022-06-17 · published 2022-06-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/41137-u-s-natgas-futures-ease-2-on-lower-demand-forecasts
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Weaker U.S. gas prices reduce input costs for energy-intensive feed and fertilizer production, while higher European prices reflect continued tightness in supply to Europe.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/business/energy/us-natgas-futures-ease-2-on-lower-demand-forecasts-idUSL1N2Y40QW/

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