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U.S. natural gas futures started 2026 lower, with February delivery down 2.6% to $3.59/mmBtu. Forecasts called for warmer-than-normal temperatures nationwide through January 16, and heating degree days were falling.
Analysts also cited concerns about a potential global LNG supply glut.
Warmer forecasts cut heating demand, and talk of excess LNG supply limits export-driven support for U.S. prices. Together these point to softer near-term gas prices.
bairdmaritime.comReutersJan 2, 2026After 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.
Started 2026 down 2.6% on warmer-than-normal outlook, falling heating degree days and LNG glut concerns.
