# US natgas futures slide 5% to 10-week low as mild winter weather curbs demand

> U.S. natural gas futures fell about 5% to a 10-week low as forecasts pointed to mild weather and less heating demand over the next two weeks. The February contract dropped 17.8 cents to $3.345/mmBtu. Waha cash prices in West Texas turned negative as pipeline constraints trapped gas in the Permian.

- Date: 2026-01-06 · published 2026-01-06T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/7829-us-natgas-futures-slide-5-to-10-week-low-as-mild-winter-weather-curbs-demand
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Reduced heating demand and record output pressure Henry Hub prices, while Permian pipeline limits keep regional prices depressed. The combined effect weighs on the benchmark gas price.

## 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 | Futures fell about 5% to a 10-week low on Jan 6 as mild two-week forecasts cut heating demand, directly driving the end of the 5-day decline. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2025-02-28 | [US natgas prices slide 3% to two-week low on record output, mild weather — TradingView News](https://feedsoft.ai/events/26214-us-natgas-prices-slide-3-to-two-week-low-on-record-output-mild-weather.md) | +10.8% | -0.2% |
| NATGAS | 2021-03-01 | [US natgas slips to fresh 4-week low as weather turns seasonally milder - Markets - Business Recorder](https://feedsoft.ai/events/48291-us-natgas-slips-to-fresh-4-week-low-as-weather-turns-seasonally-milder-markets.md) | -0.2% | -6.5% |
| 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 | 2022-02-11 | [U.S. natgas futures slide to 3-week low on jump in output \| BOE Report](https://feedsoft.ai/events/8460-u-s-natgas-futures-slide-to-3-week-low-on-jump-in-output-boe-report.md) | +13.4% | +19.1% |
| 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% |

## Sources

- sahmcapital.com: https://www.sahmcapital.com/news/content/us-natgas-futures-slide-5-to-10-week-low-as-mild-winter-weather-curbs-demand-2026-01-06

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