# Henry Hub Tops $4/MMBtu as Natural Gas Markets React to Early Winter Cold, Lean Storage

> Henry Hub futures rose above $4 per MMBtu as early winter cold and lean storage supported prices. The December contract settled 31.3 cents higher at $4.101, with stronger gains further along the winter strip. Traders described the rally as driven by fear of low storage more than by a single clear catalyst.

- Date: 2018-11-13 · published 2018-11-13T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/9433-henry-hub-tops-4-mmbtu-as-natural-gas-markets-react-to-early-winter-cold-lean
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher winter strip prices point to sustained upward pressure on natural gas costs for feed and grain processors. Weather model shifts could reverse some of the gains, so volatility is likely.

## Read by commodity

- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2018-11-14 | 1 | +8.6% | 3.6 | The prior-day rally above $4 on early cold and lean storage set up momentum and a fear-driven bid carrying into 2018-11-14. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2025-10-20 | [Cold Snap Ignites US Natural Gas Market, Reshaping Winter Outlook](https://feedsoft.ai/events/7792-cold-snap-ignites-us-natural-gas-market-reshaping-winter-outlook.md) | +15.3% | +41.4% |
| NATGAS | 2026-02-12 | [Winter’s Worst Widens East Region Natural Gas Storage Deficit](https://feedsoft.ai/events/20800-winter-s-worst-widens-east-region-natural-gas-storage-deficit.md) | -5.0% | +1.5% |
| NATGAS | 2020-09-14 | [Natural Gas Ends Higher on Storm Concerns -- Market Talk - WSJ](https://feedsoft.ai/events/6768-natural-gas-ends-higher-on-storm-concerns-market-talk-wsj.md) | -14.6% | +18.7% |
| NATGAS | 2022-12-08 | [Modest Storage Draw Fails to Stop Natural Gas Futures Price Rally; West Coast Cash North of $30/MMBtu](https://feedsoft.ai/events/11511-modest-storage-draw-fails-to-stop-natural-gas-futures-price-rally-west-coast.md) | +27.9% | -29.6% |
| NATGAS | 2022-11-08 | [Winter could soon rear its ugly head, pushing prices up despite healthy storage - Rystad Energy’s North America Gas and LNG Market Note](https://feedsoft.ai/events/7581-winter-could-soon-rear-its-ugly-head-pushing-prices-up-despite-healthy-storage.md) | +7.4% | -11.6% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/henry-hub-tops-4mmbtu-as-natural-gas-markets-react-to-early-winter-cold-lean-storage/

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