# US natgas prices drop 7% on record output, mild weather

> US natural gas futures fell about 7% to a one-week low on Monday as record output and forecasts of mild weather through late November kept heating demand low. Utilities continued injecting gas into storage, and the EIA storage report was delayed by a planned systems upgrade, adding volatility.

- Date: 2023-11-06 · published 2023-11-06T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/6385-us-natgas-prices-drop-7-on-record-output-mild-weather
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Record production and weak heating demand leave US gas oversupplied, pressuring Henry Hub prices, which lowers the cost of gas-fired feed and energy inputs for grain drying and processing.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2025-02-28 | [US natgas prices slide 3% to two-week low on record output, mild weather — TradingView News](https://feedsoft.ai/events/26214-us-natgas-prices-slide-3-to-two-week-low-on-record-output-mild-weather.md) | +10.8% | -0.2% |
| NATGAS | 2023-11-27 | [US natgas hits two-month low on ample output, mild weather - Markets - Business Recorder](https://feedsoft.ai/events/33344-us-natgas-hits-two-month-low-on-ample-output-mild-weather-markets-business.md) | -2.4% | -7.6% |
| NATGAS | 2025-06-24 | [Nat-Gas Prices Fall on Forecasts for Cooler US Weather](https://feedsoft.ai/events/24407-nat-gas-prices-fall-on-forecasts-for-cooler-us-weather.md) | -6.7% | -5.2% |
| NATGAS | 2021-10-15 | [U.S. natgas falls near 5% on mild forecast, drop in global prices \| Reuters](https://feedsoft.ai/events/44763-u-s-natgas-falls-near-5-on-mild-forecast-drop-in-global-prices-reuters.md) | -13.4% | -14.2% |
| NATGAS | 2020-11-03 | [US natural gas futures fall on milder weather - Markets - Business Recorder](https://feedsoft.ai/events/50350-us-natural-gas-futures-fall-on-milder-weather-markets-business-recorder.md) | -12.5% | -8.0% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/us-natgas-prices-drop-7-record-output-mild-weather-2023-11-06/

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