Natural gas Hits 22-week Low
Natural gas decreased to a 22-week low of 2.95 USD/MMBtu. Over the past 4 weeks, Natural gas lost 23.51%, and in the last 12 months, it increased 49.32%.
Morpher AI identified a bearish signal. The commodity price may continue to fall based on the momentum of the negative news.
Natural Gas is a widely used commodity for heating and electricity generation. Today, the market experienced a strong bearish movement.
GAS commodity is down 5.0% on Apr 24, 2025 15:01
Natural gas decreased to a 22-week low of 2.95 USD/MMBtu. Over the past 4 weeks, Natural gas lost 23.51%, and in the last 12 months, it increased 49.32%.
US natural gas futures fell to $3.0/MMBtu, the lowest in five months, and tracking the decline gas prices in major hubs across Europe and Asia amid ample supply and uncertain demand due to macroeconomic headwinds. New data showed that domestic gas production in the Lower 48 states rose to 106.6 billion cubic feet per day so far in April, a record high. This coincided with warmer-than-usual temperatures in the period that are expected to remain until early May, reducing demand for gas-intensive heating as northern states transition away from the winter season. In the meantime, macroeconomic headwinds in China due to the ongoing trade war with the US drove imports of LNG to plunge by 20% from the previous month, and lower coal prices drove India to pare LNG consumption.
US natural gas futures dropped over 5% to $3.0/MMBtu, the lowest since late January, as record production and forecasts for milder weather reduced expectations for demand. Output in the Lower 48 states hit new highs in April, with daily production peaking at 108 bcfd. Also, warmer-than-usual temperatures are expected through early May, lowering heating needs and allowing more gas to be stored. At the same time, uncertainty over President Trump’s shifting tariff policies has raised concerns about slower global growth and weaker energy demand. Still, gas exports remain strong, with LNG flows hitting a record 16.1 bcfd this month, boosted by increased activity at a major export facility under construction in Louisiana.
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