Natural Gas ($GAS) Commodity Forecast: Up 8.2% Today

What is Natural Gas?

Natural Gas is a widely used commodity for heating and electricity generation. Today, it experienced a strong bullish movement in the market.

Why is Natural Gas going up?

GAS commodity is up 8.2% on Apr 27, 2026 23:55

• Natural gas prices rose today, despite hovering near an 18-month low, as production declines and record-high LNG feedgas flows provided some support.
• Mild weather conditions and above-normal spring temperatures have led to strong storage injections and ample inventories, keeping prices subdued.
• Despite forecasts suggesting limited demand upside due to fading heating needs and slow emergence of summer cooling demand, the market saw a bullish movement possibly due to the recent decline in production levels.
• The overall sentiment remains bearish as prices are still near multi-year lows and the market continues to be pressured by high storage levels and subdued demand.

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GAS Technical Analysis

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US Natgas Prices Hover Near 18-Month Low

US natural gas futures rose to $2.53 per MMBtu but remained close to their lowest level since October 2024, weighed by rising inventories and mild weather conditions. Above-normal spring temperatures have lifted storage levels to an estimated 8% above seasonal norms for the week ended April 24, up from 7% the previous week. Although forecasts suggest temperatures may turn slightly cooler than normal from late April into early May, any boost to demand is expected to be limited, as heating needs have largely faded while summer cooling demand has yet to meaningfully emerge. On the supply side, production has fallen by around 4.1 bcfd over the past 18 days to an 11-week low of 108.1 bcfd, as low prices led major producers such as EQT to scale back output. Meanwhile, LNG feedgas flows have risen to 18.9 bcfd so far in April, close to record highs.

US Natgas Prices Extend Losses to 18-Month Low

US natural gas futures dropped 3.6% to $2.52 per MMBtu, the lowest since October 2024, as mild weather forecasts through early May keep demand subdued and allow continued strong storage injections. Warmer-than-normal spring conditions have already pushed inventories to an estimated 8% above seasonal norms for the week ended April 24, up from 7% the previous week. Even with slightly cooler temperatures expected into early May, demand is unlikely to rise significantly as heating needs remain limited and cooling demand has yet to pick up. On the supply side, output has declined by about 4.1 bcfd over the past 18 days to an 11-week low of 108.1 bcfd, with lower prices prompting producers such as EQT to curb production. Meanwhile, LNG feedgas flows have increased to 18.9 bcfd in April, near record levels. For the week, gas prices fell about 5.8% after a 1% gain in the previous period.

Natural gas Hits 18-month Low

Natural gas decreased to 2.56 USD/MMBtu, the lowest since October 2024. Over the past 4 weeks, Natural gas lost 11.81%, and in the last 12 months, it decreased 17.53%.

US Natgas Prices Fall to 18-Month Low

US natural gas futures fell more than 4% to $2.60 per MMBtu, nearing their lowest since October 2024, pressured by ample storage levels and continued strong injections into inventories. A federal report showed utilities added 103 billion cubic feet of gas to storage for the week ended April 17, above expectations and well ahead of both the 77 bcf added in the same week last year and the five-year average build of 64 bcf. Mild spring weather has kept heating demand subdued, allowing above-normal injections and pushing total inventories to about 7.1% above typical levels. Looking ahead, forecasts suggest mostly near-normal temperatures through early May, limiting demand upside. On the supply side, output has declined by around 3.8 bcfd over the past 17 days to an 11-week low of 108.3 bcfd, while LNG feedgas flows have climbed to 18.9 bcfd so far in April, putting the month on track for a possible record.

US Natgas Prices Ease

US natural gas futures fell to around $2.67 per MMBtu on Wednesday, snapping a five-session gain that had been supported by recent production declines and near-record flows to LNG export facilities. Average output has dropped by roughly 3.9 bcfd over the past 15 days, reaching an eleven-week low of 108.2 bcfd. At the same time, deliveries to major LNG export terminals have climbed to 18.9 bcfd in April, placing the month on track to set a new record. However, the market remains under pressure due to ample inventories. Mild spring weather has allowed for strong storage injections, leaving stockpiles about 7% above the five-year average as of April 17. Weather forecasts have also shifted warmer across the US Midwest through late April, which is expected to reduce heating demand and limit power-sector consumption.

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Natural Gas Price History

18.02.2026 - GAS Commodity was up 5.2%

• The bullish movement in Natural Gas prices today can be attributed to a combination of factors:
• Warmer spring outlook and record domestic production weighed on prices, but ongoing supply risks from the Middle East conflict supported the upward momentum.
• Despite the disruptions in gas shipments from the Persian Gulf due to the conflict, the impact on US prices remained limited due to the country's sufficient natural gas production and LNG export capacity.
• The smaller than expected inventory withdrawal indicated a decrease in heating demand as the winter season comes to an end, further influencing the market sentiment.
• Global energy prices rose due to the conflict, leading to increased foreign demand for US liquefied natural gas and higher asking prices at Henry Hub, despite ample domestic production.

12.02.2026 - GAS Commodity was up 7.3%

• Natural gas prices surged due to ongoing tensions in the Middle East, particularly disruptions in LNG supply from Qatar and concerns about the closure of the critical Strait of Hormuz.
• President Trump's comments suggesting a potential de-escalation in the conflict and the resumption of traffic in the Strait of Hormuz led to a drop in prices as the risk premium decreased.
• Warm weather forecasts and record domestic production levels also contributed to the decline in prices, along with ongoing infrastructure outages at the Freeport LNG terminal trapping supply within the domestic market.
• Despite the volatility in global energy markets, US natural gas prices have remained relatively stable compared to international benchmarks, supported by ample domestic supply and limited export capacity.

27.03.2026 - GAS Commodity was up 8.2%

• Natural gas prices rose today, despite hovering near an 18-month low, as production declines and record-high LNG feedgas flows provided some support.
• Mild weather conditions and above-normal spring temperatures have led to strong storage injections and ample inventories, keeping prices subdued.
• Despite forecasts suggesting limited demand upside due to fading heating needs and slow emergence of summer cooling demand, the market saw a bullish movement possibly due to the recent decline in production levels.
• The overall sentiment remains bearish as prices are still near multi-year lows and the market continues to be pressured by high storage levels and subdued demand.

23.03.2026 - GAS Commodity was down 5.1%

• Natural gas futures fell due to a combination of factors including a recent increase in production, near-record flows to LNG export facilities, and mild spring weather allowing for strong storage injections.
• The market was also influenced by hopes for a negotiated end to the Middle East conflict, with news of US Vice President JD Vance's upcoming peace talks in Pakistan and Iran's potential delegation participation.
• Despite some attempts at a rebound supported by a drop in output and expectations of stronger demand, prices remained close to their lowest levels since October 2024 due to a persistent storage surplus and forecasts of warmer-than-normal conditions limiting heating demand.

23.03.2026 - GAS Commodity was down 5.0%

• Natural gas futures fell due to ample storage levels, strong injections into inventories, and mild spring weather keeping heating demand subdued.
• Despite recent production declines and near-record flows to LNG export facilities, the market remained under pressure from the large storage surplus.
• Forecasts of warmer weather across the US Midwest through late April are expected to further reduce heating demand and limit power-sector consumption, leading to a bearish sentiment in the natural gas market.
• The broader decline in energy markets, influenced by hopes for a negotiated end to the Middle East conflict, also contributed to the drop in natural gas prices today.

19.02.2026 - GAS Commodity was up 7.5%

• Natural gas futures surged by about 5% due to supply concerns caused by attacks on key energy infrastructure in the Middle East, particularly targeting LNG assets.
• Despite the ongoing conflict in the Middle East disrupting global gas shipments and operations in major LNG hubs, US prices remained relatively stable due to the country's robust domestic production capabilities.
• The warmer spring outlook and record domestic production levels offset some of the supply risks, leading to a slight retreat in prices as heating demand started to ease with the end of the winter season.
• Geopolitical tensions and disruptions in the Persian Gulf region heightened foreign demand for US LNG, driving prices to a one-month high, with key Asian buyers turning to American gas amid the turmoil in traditional supply routes.

20.02.2026 - GAS Commodity was down 5.7%

• The bearish movement in Natural Gas prices today can be attributed to:
• Warmer spring outlook and record domestic production offsetting ongoing supply risks from the Middle East conflict.
• Smaller than expected inventory withdrawals indicating fading heating demand as winter comes to an end.
• Limited impact on US prices from disruptions in the Middle East due to sufficient domestic production levels meeting demand.
• Global energy costs decreasing and reduced price pressure on American fuel following political statements hinting at a potential end to hostilities.

08.03.2026 - GAS Commodity was down 5.1%

• Natural gas prices experienced a bearish movement due to mild spring weather leading to lower demand and increased storage levels.
• The ongoing tensions in the Middle East, particularly with Iran, have added uncertainty to global energy markets, but US natural gas prices have remained relatively stable due to strong production and ample inventories.
• Despite occasional rebounds in prices, the overall trend remains bearish as warmer weather forecasts and expectations of rising inventories continue to weigh on the market.
• The recent fluctuations in natural gas prices highlight the importance of monitoring both domestic factors like production levels and storage data, as well as international developments that could impact energy markets.

23.02.2026 - GAS Commodity was down 5.1%

• Natural gas futures dropped by over 5.5% to $2.92 per MMBtu due to milder weather forecasts leading to weaker demand for heating and power generation.
• Prices were also pushed lower by a broader energy selloff after mentions of efforts to end the war in Iran, causing declines in oil and energy futures.
• The ample inventories and limited short term exposure to global markets, along with geopolitical tensions, have contributed to the relative stability of US gas prices despite ongoing conflicts.
• The bearish movement was further worsened by a 35 billion cubic feet increase in storage, indicating a decrease in heating demand as the winter season comes to an end.

24.03.2026 - GAS Commodity was down 6.0%

• Natural gas prices hit an 18-month low of $2.56 per MMBtu, driven by ample storage levels and continued strong injections into inventories, leading to a storage surplus and pressure on prices.
• Mild spring weather has kept heating demand subdued, allowing for above-normal injections into storage, while forecasts of near-normal temperatures through early May are expected to limit demand upside, contributing to the bearish trend.
• Despite recent declines in production and near-record flows to LNG export facilities, prices remain low due to the persistent storage surplus and the expectation of reduced heating and power demand as the market moves into the low-demand spring shoulder season.
• The broader decline in energy markets, influenced by hopes for a negotiated end to the Middle East conflict, also played a role in the drop in natural gas prices to $2.65 per MMBtu, as investors shifted focus towards geopolitical developments and away from energy commodities.

09.02.2026 - GAS Commodity was down 9.0%

• Natural gas prices experienced a strong bearish movement today due to several factors:
• The prospect of a swift de-escalation in a specific region easing the risk premium across the energy complex.
• Political statements suggesting a resolution to a conflict and the resumption of traffic in a strategic waterway, reducing concerns about supply disruptions.
• Unseasonably warm weather forecasts reducing heating demand.
• Ongoing infrastructure outages at a specific LNG terminal in Texas trapping supply within the domestic market and limiting the influence of global scarcity on local prices.
• Despite a significant weekly storage withdrawal, high supply levels and reduced export capacity have led to domestic natural gas prices decoupling from global price volatility.

24.02.2026 - GAS Commodity was down 5.1%

• Natural gas futures experienced a bearish movement due to warmer weather forecasts leading to reduced heating demand.
• Prices were also impacted by broader energy selloffs and geopolitical tensions, such as talks about ending conflicts in certain regions, influencing oil prices and energy futures.
• Global supply conditions played a role in the market movement, with disruptions in LNG exports from key regions due to escalating tensions in certain areas.
• Despite regional oversupply, tightening global markets amid geopolitical events and potential changes in oil sanctions could stabilize prices in the near term.