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US natural gas futures rose about 2% to a nine-month high on November 11, with the December contract at $3.352/MMBtu. Forecasts for colder weather and higher demand supported the gain, and LNG export feedgas was near record levels at 19.1 Bcf/d.
Speculators' net short positions reached their highest since March 2020.
Colder weather and strong LNG feedgas raise US gas demand, which lifts fertilizer and ethanol input costs. Short covering added to the move.
news.energyjobline.comEnergy Jobline https://news.energyjobline.comNov 12, 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.
