# US Natural Gas Futures Climb As Production Drops And Demand Shifts - Finimize

> US natural gas futures approached a five-week high, rising about 9% on lower output and expected heating demand. NYMEX December futures traded near $2.909/MMBtu, and open interest hit a record high.

- Date: 2024-11-12 · published 2024-11-12T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/7031-us-natural-gas-futures-climb-as-production-drops-and-demand-shifts-finimize
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower production and expected winter heating needs support gas prices despite near-term demand uncertainty. Higher gas prices lift the cost of nitrogen fertilizer and energy used in feed processing.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-09-27 | [Prompt Month Natural Gas Futures Jump Toward $3 as Cash Shrugs Off Helene Demand Destruction](https://feedsoft.ai/events/28493-prompt-month-natural-gas-futures-jump-toward-3-as-cash-shrugs-off-helene-demand.md) | +9.4% | -13.2% |
| NATGAS | 2025-12-26 | [US Natural Gas Futures Rise As Forecasts Predict Colder](https://feedsoft.ai/events/7192-us-natural-gas-futures-rise-as-forecasts-predict-colder.md) | +1.5% | +248.0% |
| NATGAS | 2018-01-02 | [Cold chills U.S. shale gas production as heating demand jumps](https://feedsoft.ai/events/4670-cold-chills-u-s-shale-gas-production-as-heating-demand-jumps.md) | -13.3% | +2.7% |
| NATGAS | 2021-02-25 | [Natural Gas Production in Texas Dropped 45% Amid Historic Freeze](https://feedsoft.ai/events/48846-natural-gas-production-in-texas-dropped-45-amid-historic-freeze.md) | +0.4% | -10.2% |
| NATGAS | 2025-10-21 | [Chilly Fronts Goose Heating Demand, Sending Natural Gas Futures Higher](https://feedsoft.ai/events/7790-chilly-fronts-goose-heating-demand-sending-natural-gas-futures-higher.md) | +5.7% | +26.2% |

## Sources

- finimize.com: https://finimize.com/content/us-natural-gas-futures-climb-as-production-drops-and-demand-shifts

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