# Weekly Natural Gas Spot Prices, Futures Post Robust Gains on Bone-Chilling Cold

> Weekly natural gas spot prices rose sharply for the Jan. 8-12 period amid frigid temperatures and lower production readings. The February Nymex contract settled at $3.313/MMBtu, up about 15% from the prior week.

- Date: 2024-01-13 · published 2024-01-13T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/4187-weekly-natural-gas-spot-prices-futures-post-robust-gains-on-bone-chilling-cold
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Strong cash and futures gains reflect heating demand and reduced northern output, which can keep gas prices elevated through the coming cold spell.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-01-03 | [U.S. natural gas prices rise as cold freezes wells \| Reuters](https://feedsoft.ai/events/43321-u-s-natural-gas-prices-rise-as-cold-freezes-wells-reuters.md) | +2.6% | +37.9% |
| NATGAS | 2019-01-14 | [Natural gas prices spike 13 percent on forecasts for long, severe cold](https://feedsoft.ai/events/9209-natural-gas-prices-spike-13-percent-on-forecasts-for-long-severe-cold.md) | +14.3% | -10.7% |
| NATGAS | 2018-01-02 | [It’s so cold in Alberta natural gas wells are freezing up,  sending prices soaring 72% \| Financial Post](https://feedsoft.ai/events/4676-it-s-so-cold-in-alberta-natural-gas-wells-are-freezing-up-sending-prices.md) | -13.3% | +2.7% |
| NATGAS | 2026-08-31 | [U.S. Natural Gas Futures Gain on Late-Summer Heat - WSJ](https://feedsoft.ai/events/18061-u-s-natural-gas-futures-gain-on-late-summer-heat-wsj.md) | +3.3% | +7.4% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/weekly-natural-gas-spot-prices-futures-post-robust-gains-on-bone-chilling-cold/

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