US natural gas futures rose nearly 3% to above $3/MMBtu on Friday but were still set for a second weekly loss. Mild weather forecasts and ample storage, about 4% above the five-year average, offset a drop in Lower 48 output and near-record LNG exports.
Mild weather and well-supplied storage keep natural gas prices subdued, lowering energy costs for feed processing. Strong LNG feedgas demand limits how far the downside can run.
After 104 past bearish weather events, Natural Gas moved a median -7.8% over 5 sessions (22% higher; middle half -14.8% to -0.8%), and -3.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.