U.S. Natural Gas Futures Fall in Early Trading
U.S. natural gas futures declined as mild weather forecasts and an oversized injection report pressured the market, with the December Nymex contract falling 2.5% to $2.878 per million British thermal units.
A facts-only brief, written by a local AI model from this article in The Wall Street Journal, October 30, 2026. It may contain mistakes, and it is not the article: the full story is at wsj.com.
U.S. natural gas futures declined as mild weather forecasts and an oversized injection report pressured the market, with the December Nymex contract falling 2.5% to $2.878 per million British thermal units. Gary Cunningham of Tradition Energy noted that inconsistent LNG feed gas data contributed to the drop, leaving the market in a bearish phase with support near $2.85.
Background
- European natural gas prices rose above 100 euros per megawatt-hour, with the Dutch TTF benchmark up 3.3% to 101.10 euros in early trading.
- ING analysts indicated that power markets are entering a range where gas is being switched to coal, raising questions about whether high prices will reduce demand.
- European gas storage levels stand at 74.9% full as inflows have stalled during the start of the heating season.
- Market watchers attributed the European price increase to colder temperatures in northwest Europe and escalating tensions in the Middle East.
Read the full article at wsj.com
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