# US Natgas Prices Climb 2% to 2-Week High on Lower Output, Soaring Global Gas Prices - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> US natural gas futures rose about 2% to a two-week high on Friday, with the front-month November contract settling at $2.560 per mmBtu. Lower Lower 48 output so far in October and a jump in global gas prices supported the rise, which could boost demand for US LNG exports. Forecasts for mild weather through early November limited the gains.

- Date: 2024-10-26 · published 2024-10-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8117-us-natgas-prices-climb-2-to-2-week-high-on-lower-output-soaring-global-gas
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher global gas prices raise the pull on US LNG exports, which supports domestic natural gas prices despite weak heating demand. Mild weather and rising storage injections still cap the upside.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- energynow.com: https://energynow.com/2024/10/us-natgas-prices-climb-2-to-2-week-high-on-lower-output-soaring-global-gas-prices/

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