# U.S. Natural Gas Volatility Hits 26-Year High as Wells Freeze Up - Bloomberg

> U.S. natural gas futures have been extremely volatile, surging the most on record a week earlier in an apparent short squeeze before falling 11% on Thursday. A measure of volatility reached its highest level since early 1996. Freeze-offs at wells have been disrupting production.

- Date: 2022-02-03 · published 2022-02-03T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/8459-u-s-natural-gas-volatility-hits-26-year-high-as-wells-freeze-up-bloomberg
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Freeze-related production losses tighten near-term supply and drive the sharp price swings. Volatile gas prices raise energy and fertilizer cost uncertainty for feed buyers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-01-12 | [U.S. Natural Gas Extends Historic Rally as Cold Hits East Coast - Bloomberg](https://feedsoft.ai/events/43319-u-s-natural-gas-extends-historic-rally-as-cold-hits-east-coast-bloomberg.md) | +5.6% | -3.2% |
| NATGAS | 2022-01-03 | [U.S. natural gas prices rise as cold freezes wells \| Reuters](https://feedsoft.ai/events/43321-u-s-natural-gas-prices-rise-as-cold-freezes-wells-reuters.md) | +2.6% | +37.9% |
| NATGAS | 2020-10-09 | [Natural Gas Forward Market Volatility Ramps Up as Delta Slashes LNG Demand](https://feedsoft.ai/events/50808-natural-gas-forward-market-volatility-ramps-up-as-delta-slashes-lng-demand.md) | +25.7% | +42.2% |
| NATGAS | 2018-11-14 | [U.S. natural gas prices leap to four-year high amid low stocks: Kemp](https://feedsoft.ai/events/9430-u-s-natural-gas-prices-leap-to-four-year-high-amid-low-stocks-kemp.md) | +11.8% | +5.6% |
| NATGAS | 2022-02-02 | [U.S. Natural Gas Skyrockets as Market Awaits Freeze-Offs \| Financial Post](https://feedsoft.ai/events/9224-u-s-natural-gas-skyrockets-as-market-awaits-freeze-offs-financial-post.md) | -16.0% | -7.5% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-02-03/u-s-natgas-pares-advances-as-milder-weather-seen-in-west

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