# Natural Gas Bears Take Over the Market - Burton Energy Group

> Natural gas fell sharply in early November after the November contract settled at $2.764 per MMBtu and the December contract lost nearly 10% in its first four trading days. Lingering summer-like temperatures and forecasts for above-normal temperatures through November drove the decline. Storage was 4.9% above the five-year average, and end-of-year storage was projected above 4.0 Tcf.

- Date: 2016-11-03 · published 2016-11-03T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/9175-natural-gas-bears-take-over-the-market-burton-energy-group
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A delayed heating season and large projected storage levels point to continued injections and weak prices into winter. This bearish outlook also affects electricity markets that rely on gas-fired generation.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-09-14 | [Natural Gas Market is Poised for a Wild Ride this Fall - Burton Energy Group](https://feedsoft.ai/events/8357-natural-gas-market-is-poised-for-a-wild-ride-this-fall-burton-energy-group.md) | -14.6% | +18.7% |
| NATGAS | 2026-01-07 | [Natural Gas Is Trading Like The Winter Is Over](https://feedsoft.ai/events/7833-natural-gas-is-trading-like-the-winter-is-over.md) | +3.6% | +58.0% |
| NATGAS | 2022-05-10 | [Daily Natural Gas Market Update 5-10-22](https://feedsoft.ai/events/12156-daily-natural-gas-market-update-5-10-22.md) | +6.5% | +23.4% |
| NATGAS | 2024-10-29 | [Daily Natural Gas Market Update  10-29-24](https://feedsoft.ai/events/11713-daily-natural-gas-market-update-10-29-24.md) | -10.5% | +41.4% |
| NATGAS | 2020-11-03 | [US natural gas futures fall on milder weather - Markets - Business Recorder](https://feedsoft.ai/events/50350-us-natural-gas-futures-fall-on-milder-weather-markets-business-recorder.md) | -12.5% | -8.0% |

## Sources

- burtonenergygroup.com: https://www.burtonenergygroup.com/blog/natural-gas-bears-take-over-the-market/

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