# US Natural Gas Prices Hover Near $2.90 as Mild November Weather and Rising Production Weigh on Market - Today Markets

> US natural gas prices are holding around $2.90/MMBtu, near a one-week low, as warmer-than-normal November forecasts limit heating demand. Lower 48 production recovered to about 113.3 bcfd, while LNG feedgas rose to 18.5 bcfd in October. Storage ended about 1% above the five-year average after a larger-than-expected injection, though it remains 3.8% below year-ago levels.

- Date: 2026-11-02 · published 2026-11-02T12:08:00.664Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/75344-us-natural-gas-prices-hover-near-2-90-as-mild-november-weather-and-rising
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Mild weather and strong output are pressuring Henry Hub, which lowers feed-plant energy and drying costs in the US. Strong LNG feedgas and tighter year-on-year storage limit how far prices can fall.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- todaymarkets.com: https://todaymarkets.com/us-natural-gas-prices-hover-near-2-90-as-mild-november-weather-and-rising-production-weigh-on-market/

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