# Consolidating to Meet Cash Prices Ahead of Expiration, Natural Gas Futures Tumble

> November Nymex natural gas futures fell sharply on Monday ahead of Tuesday's expiration, settling at $2.309 per mmBtu. Lower 48 output rose to an estimated 102.8 Bcf/d, weather-driven demand stayed weak, and oil prices fell. Producers signaled continued restraint in output.

- Date: 2024-10-28 · published 2024-10-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8123-consolidating-to-meet-cash-prices-ahead-of-expiration-natural-gas-futures-tumble
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Rising production and weak weather-driven demand build supply pressure that weighs on prices. Expiry-related selling pushed futures toward cash prices, which were lower.

## 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 | Expiring November contract tumbled toward cash prices ahead of expiry, depressing the front month and widening the gap to December, so the roll to December produced a large apparent 1-day move. |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/consolidating-to-meet-cash-prices-ahead-of-expiration-natural-gas-futures-tumble/

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