# US natural gas futures slip - Markets - Business Recorder

> US natural gas futures fell about 5% to a seven-week low on Tuesday, with the November contract at $2.201 per mmBtu. Forecasts for mild weather through mid-November and rising output squeezed demand. The December premium over November was on track for a record high.

- Date: 2024-10-30 · published 2024-10-30T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/8120-us-natural-gas-futures-slip-markets-business-recorder
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Mild weather cuts heating demand while rising output adds supply, pressuring spot prices. The record December premium signals expectations of looser near-term supply versus later winter demand.

## Read by commodity

- NATGAS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2024-10-30 | 1 | +16.3% | 4.0 | Directly describes the Oct 30 session: Nov contract expiry at $2.201 and the record December premium over November reflect the roll to the more expensive front month, which plausibly explains a large continuous-series jump. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-11-29 | [US natural gas prices slide - Markets - Business Recorder](https://feedsoft.ai/events/33342-us-natural-gas-prices-slide-markets-business-recorder.md) | -1.0% | -4.3% |
| 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 | 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 | 2023-11-27 | [US natgas hits two-month low on ample output, mild weather - Markets - Business Recorder](https://feedsoft.ai/events/33344-us-natgas-hits-two-month-low-on-ample-output-mild-weather-markets-business.md) | -2.4% | -7.6% |
| NATGAS | 2016-10-24 | [U.S. Natural Gas Futures Slide Most Since July On Warm Midwest \| Investor's Business Daily](https://feedsoft.ai/events/10116-u-s-natural-gas-futures-slide-most-since-july-on-warm-midwest-investor-s.md) | -1.7% | -8.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40329634
- brecorder.com: https://www.brecorder.com/news/40330075

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