# Market Watch | Energy Intelligence

> Energy Intelligence reports that prompt-month natural gas futures fell 6.5% to the low $2.60s on Nov 7. The drop followed a European winter outlook calling for widespread warmth across much of the central and eastern US, and an expected storage build that would push inventories to a record above 4 trillion cubic feet.

- Date: 2016-11-08 · published 2016-11-08T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/74031-market-watch-energy-intelligence
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Warm weather and record storage reduce heating demand and add supply cushion, which pressures US gas prices lower.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-01-05 | [Market Watch: Nymex Falls As Demand Outlook Softens \| Energy Intelligence](https://feedsoft.ai/events/7830-market-watch-nymex-falls-as-demand-outlook-softens-energy-intelligence.md) | -20.7% | -0.8% |
| NATGAS | 2016-10-21 | [Mild Weather Pushes US Natgas Lower for Week \| Energy Intelligence](https://feedsoft.ai/events/10115-mild-weather-pushes-us-natgas-lower-for-week-energy-intelligence.md) | -12.4% | -19.1% |
| NATGAS | 2023-01-03 | [Warm Winter Weather Pushes US Natgas Prices Lower \| Energy Intelligence](https://feedsoft.ai/events/9186-warm-winter-weather-pushes-us-natgas-prices-lower-energy-intelligence.md) | -4.8% | -32.8% |
| NATGAS | 2020-01-28 | [Weekly Energy Market Situation, January 27, 2020 - Fuels Market News](https://feedsoft.ai/events/12372-weekly-energy-market-situation-january-27-2020-fuels-market-news.md) | -5.4% | -3.9% |
| NATGAS | 2016-11-03 | [Natural Gas Bears Take Over the Market - Burton Energy Group](https://feedsoft.ai/events/9175-natural-gas-bears-take-over-the-market-burton-energy-group.md) | -8.1% | +25.5% |

## Sources

- energyintel.com: https://www.energyintel.com/0000017b-a7d0-de4c-a17b-e7d25fea0000

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