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US natural gas futures rose 3.5% last week to settle near $3/MMBtu, as strong LNG exports and lower production estimates outweighed mild-weather pressure. Storage increased by 77 Bcf, below expectations, but inventories remained above the five-year average.
Strong LNG export demand supports US gas consumption, while mild weather and above-average stocks limit heating demand and cushion supply. The balance of these forces supported futures last week, but the storage surplus remains a price restraint.
natgascentral.comNov 8, 2026After 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.
