# Natural gas futures up on colder forecasts - Markets - Business Recorder

> US natural gas futures rose about 2% on January 2, 2024 after the New Year holiday, with February delivery up 2.3% to $2.571 per mmBtu. Forecasts for colder weather and higher heating demand, plus record LNG feedgas flows, supported prices despite record output and ample storage.

- Date: 2024-01-03 · published 2024-01-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5286-natural-gas-futures-up-on-colder-forecasts-markets-business-recorder
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Gas-fired power and fertilizer costs are linked to gas prices, and sustained cold raises feed-related energy and nitrogen input costs. Ample storage and record output, however, limit the upside for prices.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40281727

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