# Natural Gas Futures Fall Further on Mild November Temps, Record-Level Production

> December Nymex natural gas futures slid further in early trading as mild November temperatures and record production weighed on the market. Henry Hub spot prices plunged to an average near $2.04, far below levels seen in November 2022.

- Date: 2023-11-08 · published 2023-11-08T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/6386-natural-gas-futures-fall-further-on-mild-november-temps-record-level-production
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A collapse in spot gas prices from oversupply and weak weather demand points to lower US power and energy costs, reinforcing bearish energy pressure across feed-related input markets.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| NATGAS | 2025-01-21 | [U.S. Natural Gas Futures Fall on Milder February Outlook - WSJ](https://feedsoft.ai/events/6343-u-s-natural-gas-futures-fall-on-milder-february-outlook-wsj.md) | -40.6% | -18.8% |
| NATGAS | 2026-10-28 | [Natural Gas News: Warm Weather Caps Rally as November Futures Expire \| FXEmpire](https://feedsoft.ai/events/264-natural-gas-news-warm-weather-caps-rally-as-november-futures-expire-fxempire.md) | +0.7% | — |
| NATGAS | 2026-01-02 | [US natural gas futures start year lower on mild weather outlook](https://feedsoft.ai/events/7832-us-natural-gas-futures-start-year-lower-on-mild-weather-outlook.md) | -17.9% | +45.6% |
| NATGAS | 2024-10-30 | [US natural gas futures slip - Markets - Business Recorder](https://feedsoft.ai/events/8120-us-natural-gas-futures-slip-markets-business-recorder.md) | +0.6% | +60.1% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/natural-gas-futures-fall-further-on-mild-november-temps-record-level-production/

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