# Natural Gas Futures Rally Sputters Out After Monday’s Surge

> Nymex natural gas futures pulled back on November 12, 2024, after trading above $3/MMBtu intraday, settling at $2.907. Cash prices rebounded as colder forecasts emerged, and Lower-48 output held below 99 Bcf/d.

- Date: 2024-11-12 · published 2024-11-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7029-natural-gas-futures-rally-sputters-out-after-monday-s-surge
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Profit-taking after a sharp rally moderates the price gain, though colder forecasts and reduced output still support prices. Gas-driven input costs for feed manufacturers remain elevated.

## Read by commodity

- NATGAS: neutral

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/natural-gas-futures-rally-sputters-out-after-mondays-surge/

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