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U.S. natural gas futures were near $2.94/MMBtu on November 5 after the EIA reported a 77 Bcf storage injection, bringing inventories to 3,801 Bcf. Stocks were 54 Bcf above the five-year average but 109 Bcf below the year-earlier level, while warm weather limited demand; European TTF prices had eased to about €85/MWh and Asian LNG traded near $29.35/MMBtu.
The larger-than-normal storage cushion and warm-weather demand pressure weigh on U.S. gas prices, while strong export demand and tight overseas markets offer some support. The article describes a mixed balance with a near-term bearish U.S. price bias.
tradingnews.comItai SmidtNov 5, 2026After 62 past bearish report events, Natural Gas moved a median -3.0% over 5 sessions (42% higher; middle half -7.6% to +4.6%), and -0.5% 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.
