# Natural Gas ETFs Plunge on Warming Weather, But Russia Is a Wild Card

> Natural gas futures fell 8.9% to $4.17 per mmBtu on Monday, and the UNG fund dropped 7.6%, as forecasts shifted toward warmer-than-normal conditions through late February. Analysts flagged that a possible Russia-Ukraine conflict and retaliatory sanctions could cut European gas supplies from Russia. Forecast models showed recent volatility.

- Date: 2022-02-07 · published 2022-02-07T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/8465-natural-gas-etfs-plunge-on-warming-weather-but-russia-is-a-wild-card
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A warmer outlook reduces heating demand and pushes prices lower in the near term. A geopolitical supply shock could reverse the move, so feed buyers should watch energy costs for upside risk.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-02-02 | [US Natural Gas Plunges by Most in About 30 Years on Warm Weather - Bloomberg](https://feedsoft.ai/events/20798-us-natural-gas-plunges-by-most-in-about-30-years-on-warm-weather-bloomberg.md) | -30.8% | -46.8% |
| NATGAS | 2019-11-30 | [Natural Gas Prices Crash On Warm Weather Warnings \| OilPrice.com](https://feedsoft.ai/events/56244-natural-gas-prices-crash-on-warm-weather-warnings-oilprice-com.md) | -2.0% | -10.4% |
| NATGAS | 2018-02-01 | [Mild Weather Dims Natural Gas ETF Outlook](https://feedsoft.ai/events/7447-mild-weather-dims-natural-gas-etf-outlook.md) | -14.0% | -15.1% |
| NATGAS | 2022-02-10 | [Natural Gas Edges Lower on Warm Weather Forecast \| FXEmpire](https://feedsoft.ai/events/8464-natural-gas-edges-lower-on-warm-weather-forecast-fxempire.md) | +11.8% | +14.0% |
| NATGAS | 2026-10-28 | [Natural Gas News: Warm Weather Caps Rally as November Futures Expire \| FXEmpire](https://feedsoft.ai/events/264-natural-gas-news-warm-weather-caps-rally-as-november-futures-expire-fxempire.md) | +0.7% | — |

## Sources

- etftrends.com: https://www.etftrends.com/natural-gas-etfs-plunge-on-warming-weather-but-russia-is-a-wild-card/

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