# Analysts Explain USA Natural Gas Price Drop | Rigzone

> US natural gas prices fell in sympathy with oil after Israel's limited retaliatory strikes on Iran, which analysts said reduced geopolitical risk premium. Analysts also cited rising production versus demand and warmer-than-normal November forecasts that eroded expected heating demand.

- Date: 2024-10-29 · published 2024-10-29T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/8122-analysts-explain-usa-natural-gas-price-drop-rigzone
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Easing Middle East risk removes premium from crude and gas, while warmer weather cuts expected heating demand. Both factors point to lower near-term energy prices.

## Read by commodity

- WTI: bearish ▼
- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-10-18 | [USA 'Zombie Summer' Saps Energy Demand and Natural Gas Prices](https://feedsoft.ai/events/10307-usa-zombie-summer-saps-energy-demand-and-natural-gas-prices.md) | +0.0% | +6.9% |
| NATGAS | 2024-10-14 | [US Natural Gas Prices Dip Amidst Supply Glut \| ETF Central](https://feedsoft.ai/events/10302-us-natural-gas-prices-dip-amidst-supply-glut-etf-central.md) | -17.8% | -27.1% |
| 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 | 2020-02-06 | [U.S. Natural Gas Prices Dip To Four-Year Lows](https://feedsoft.ai/events/54773-u-s-natural-gas-prices-dip-to-four-year-lows.md) | +0.1% | -2.4% |
| NATGAS | 2024-01-16 | [Natural Gas Prices Give Back Pre-Storm Gains](https://feedsoft.ai/events/32298-natural-gas-prices-give-back-pre-storm-gains.md) | -63.9% | -73.3% |
| WTI | 2017-01-03 | [The End Of The Rally? Oil Reverses, Natural Gas Trounced \| OilPrice.com](https://feedsoft.ai/events/11916-the-end-of-the-rally-oil-reverses-natural-gas-trounced-oilprice-com.md) | -3.3% | -1.8% |
| WTI | 2024-10-29 | [Daily Natural Gas Market Update  10-29-24](https://feedsoft.ai/events/11713-daily-natural-gas-market-update-10-29-24.md) | +6.1% | +2.5% |
| WTI | 2017-01-04 | [Crude Oil and Natural Gas Futures Plunge on Tuesday - Oklahoma Energy Today](https://feedsoft.ai/events/11910-crude-oil-and-natural-gas-futures-plunge-on-tuesday-oklahoma-energy-today.md) | -2.9% | +2.9% |

## Sources

- rigzone.com: https://www.rigzone.com/news/analysts_explain_usa_natural_gas_price_drop-29-oct-2024-178578-article/

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