# Nat-Gas Prices Surge on the Outlook for Arctic Temps to Engulf the U.S. - IBest Media

> February Nymex natural gas closed up 7% after rallying for six straight sessions to a two-month high. Forecasts showed an arctic air mass advancing across the northern US and the South, including Texas, while a strong El Niño was expected to keep temperatures above average.

- Date: 2024-01-09 · published 2024-01-09T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/4189-nat-gas-prices-surge-on-the-outlook-for-arctic-temps-to-engulf-the-u-s-ibest
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Expected heating demand from the arctic air supports gas prices, while the warm El Niño outlook limits the upside over the longer period.

## Read by commodity

- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2024-01-09 | 1 | +13.1% | 3.0 | Published on 2024-01-09, it reports a roughly 7% surge in February Nymex gas on arctic-air forecasts, which directly explains the day's large move through a spike in expected heating demand. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-04-17 | [Nat-Gas Prices Surge on Cold U.S. Temps and Record LNG Exports](https://feedsoft.ai/events/36595-nat-gas-prices-surge-on-cold-u-s-temps-and-record-lng-exports.md) | +11.5% | +6.5% |
| NATGAS | 2024-04-29 | [Nat-Gas Prices Jump on Forecasts for Warm US Temps](https://feedsoft.ai/events/9863-nat-gas-prices-jump-on-forecasts-for-warm-us-temps.md) | +25.8% | +57.3% |
| NATGAS | 2026-01-23 | [Natural-Gas Prices Soar as U.S. Braces for Arctic Blast - WSJ](https://feedsoft.ai/events/4760-natural-gas-prices-soar-as-u-s-braces-for-arctic-blast-wsj.md) | -2.8% | -52.5% |
| 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 | 2025-12-29 | [Nat-Gas Prices Soar as US Temps Plunge](https://feedsoft.ai/events/7191-nat-gas-prices-soar-as-us-temps-plunge.md) | -17.1% | +187.6% |

## Sources

- ibestmedia.com: https://www.ibestmedia.com/post/2953.html

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