# Natural Gas Futures Have Another Steep Decline - WSJ

> Natural gas fell 3.8% to settle at $3.140/mmBtu, a loss of nearly 11% over two days. Warmer-than-normal forecasts for the next 15 days and above-normal inventories drove the selling despite lower US supplies after the cold snap.

- Date: 2023-11-07 · published 2023-11-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6387-natural-gas-futures-have-another-steep-decline-wsj
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Warm forecasts and ample storage reduce heating demand and weigh on US gas prices, a routine downward move with limited direct effect on feed commodity balances.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- wsj.com: https://www.wsj.com/finance/commodities-futures/natural-gas-futures-extend-losses-a49fecc5

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