# Natural Gas Futures Price Forecast — NG at $2.94 After 77 Bcf Build as Storage Hits 3,801 Bcf — $3.06 Breakout Needs Cold

> 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.

- Date: 2026-11-05 · published 2026-11-06T03:08:07.081Z
- Category: report · region United States · magnitude low
- Page: https://feedsoft.ai/events/83226-natural-gas-futures-price-forecast-ng-at-2-94-after-77-bcf-build-as-storage
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

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.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-11-03 | [Natural Gas News: Will Storage Levels and Mild Forecasts Keep Bulls at Bay? \| FXEmpire](https://feedsoft.ai/events/11714-natural-gas-news-will-storage-levels-and-mild-forecasts-keep-bulls-at-bay.md) | -7.6% | +61.0% |
| NATGAS | 2024-04-26 | [Weekly Natural Gas Cash Spot Prices Move Higher as Futures Stumble](https://feedsoft.ai/events/9866-weekly-natural-gas-cash-spot-prices-move-higher-as-futures-stumble.md) | +18.9% | +71.3% |
| NATGAS | 2017-09-28 | [Natural gas prices shed over over percent after US inventory buildup](https://feedsoft.ai/events/69140-natural-gas-prices-shed-over-over-percent-after-us-inventory-buildup.md) | -3.6% | -0.9% |
| NATGAS | 2023-02-01 | [EIA forecasts lower wholesale U.S. natural gas prices in 2023 and 2024](https://feedsoft.ai/events/37942-eia-forecasts-lower-wholesale-u-s-natural-gas-prices-in-2023-and-2024.md) | -7.6% | +1.2% |
| NATGAS | 2024-07-18 | [IEA Forecasts Lagging LNG Demand, Further Global Natural Gas Price Slides Through 2024](https://feedsoft.ai/events/29454-iea-forecasts-lagging-lng-demand-further-global-natural-gas-price-slides.md) | +2.5% | +9.6% |

## Sources

- tradingnews.com: https://www.tradingnews.com/news/ng-stuck-at-294-usd-as-warm-november-outwighs-europs-85-euro-gas-crisis

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