# U.S. Natural Gas Extends Losses on Milder Weather Outlook - WSJ

> U.S. natural gas futures fell for a fourth straight session as weekend forecasts removed cold from the first half of January. Nymex gas settled down 2.6% at $3.523/mmBtu. Analysts said more than half of winter remains, but a sharper late-January cold spell is needed to halt the decline.

- Date: 2026-01-05 · published 2026-01-05T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/7828-u-s-natural-gas-extends-losses-on-milder-weather-outlook-wsj
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower forecast heating demand reduces near-term gas burn and storage draw expectations, pressuring prices. Upside depends on colder late-January weather.

## Read by commodity

- NATGAS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2026-01-06 | 5 | -31.6% | -3.8 | Fourth straight losing session as weekend forecasts removed cold from early January, a demand-driven sentiment shift. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2025-01-21 | [U.S. Natural Gas Futures Fall on Milder February Outlook - WSJ](https://feedsoft.ai/events/6343-u-s-natural-gas-futures-fall-on-milder-february-outlook-wsj.md) | -40.6% | -18.8% |
| NATGAS | 2018-02-01 | [Mild Weather Dims Natural Gas ETF Outlook](https://feedsoft.ai/events/7447-mild-weather-dims-natural-gas-etf-outlook.md) | -14.0% | -15.1% |
| NATGAS | 2026-01-02 | [US natural gas futures start year lower on mild weather outlook](https://feedsoft.ai/events/7832-us-natural-gas-futures-start-year-lower-on-mild-weather-outlook.md) | -17.9% | +45.6% |
| NATGAS | 2020-11-03 | [US natural gas futures fall on milder weather - Markets - Business Recorder](https://feedsoft.ai/events/50350-us-natural-gas-futures-fall-on-milder-weather-markets-business-recorder.md) | -12.5% | -8.0% |
| NATGAS | 2022-02-10 | [Natural Gas Edges Lower on Warm Weather Forecast \| FXEmpire](https://feedsoft.ai/events/8464-natural-gas-edges-lower-on-warm-weather-forecast-fxempire.md) | +11.8% | +14.0% |

## Sources

- wsj.com: https://www.wsj.com/finance/commodities-futures/u-s-natural-gas-sinks-on-warmer-weather-outlook-2dd453e6

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