# Weekly Natural Gas Cash Spot Prices Move Higher as Futures Stumble

> NGI's weekly national spot gas average rose 9.5 cents to $1.230/MMBtu for April 22-26, led by gains in West Texas. The May Nymex contract settled at $1.614 on its last day as front month, down 13.8 cents on the week after a larger-than-expected 92 Bcf storage injection.

- Date: 2024-04-26 · published 2024-04-26T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/9866-weekly-natural-gas-cash-spot-prices-move-higher-as-futures-stumble
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A bigger storage injection and Freeport's third train going back offline weigh on US gas futures, while mild weather points to growing storage surplus. Feed buyers see only indirect effects through energy costs.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2019-10-25 | [Why Natural Gas Prices Could Take a Hit Next Week](https://feedsoft.ai/events/12168-why-natural-gas-prices-could-take-a-hit-next-week.md) | +15.4% | +9.7% |
| NATGAS | 2023-02-01 | [EIA forecasts lower wholesale U.S. natural gas prices in 2023 and 2024](https://feedsoft.ai/events/37942-eia-forecasts-lower-wholesale-u-s-natural-gas-prices-in-2023-and-2024.md) | -7.6% | +1.2% |
| NATGAS | 2020-05-08 | [Balances 'Way Too Loose' as Natural Gas Futures Extend Sell-Off Early](https://feedsoft.ai/events/10444-balances-way-too-loose-as-natural-gas-futures-extend-sell-off-early.md) | -12.1% | -4.1% |
| NATGAS | 2020-07-14 | [US Henry Hub natural gas spot prices hit record lows \| Hydrocarbon Engineering](https://feedsoft.ai/events/52293-us-henry-hub-natural-gas-spot-prices-hit-record-lows-hydrocarbon-engineering.md) | -4.0% | +24.2% |
| NATGAS | 2017-09-28 | [Natural gas prices shed over over percent after US inventory buildup](https://feedsoft.ai/events/69140-natural-gas-prices-shed-over-over-percent-after-us-inventory-buildup.md) | -3.6% | -0.9% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/weekly-natural-gas-cash-spot-prices-move-higher-as-futures-stumble/

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