
U.S. natural gas futures gained about 2% to a two-week high on November 6, with cooler late-November forecasts, near-record flows to LNG export plants and lower recent output cited as support. Lower 48 production averaged 111.6 Bcf per day so far in November, down from October’s 113.4 Bcf per day; estimated storage was 2.1% above the five-year average for the week ended November 6.
Higher LNG feedgas demand and lower output tighten the U.S. balance, while cooler weather could add further demand. These factors are bullish for U.S. gas prices, though storage remained above its five-year average.
After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% 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.