US natural gas settled 0.07% lower as recent production growth and forecasts for milder weather pointed to weaker heating demand next week. Storage rose by 77 billion cubic feet in the week ended October 30, while forecasts call for record dry-gas production in 2026 and 2027.
Higher output and softer near-term heating demand could leave the US gas market comfortably supplied, weighing on prices. Inventories remain slightly below year-ago levels, providing some support.
After 104 past bearish weather events, Natural Gas moved a median -7.8% over 5 sessions (22% higher; middle half -14.8% to -0.8%), and -3.3% 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.