December U.S. natural gas futures rose 5.1 cents to $2.998 per million Btu, trading above $3 during the session. Colder weather forecasts increased expected heating demand across the Midwest and East, though warmer temperatures are still expected later in the outlook.
Higher near-term heating demand can draw more gas from storage and support prices, although the forecast does not indicate a prolonged cold spell.
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.