US Natgas Prices Fall Back to 2-Month Low
Bullish strength: 30/100
- Natural gas storage increased by 77 bcf, below the five-year average build of 87 bcf.
- Average gas flows to major US LNG export facilities rose to 18.2 bcfd in October from 17.9 bcfd in September.
- Lower 48 natural gas production averaged 111.4 bcfd, down from 113.3 bcfd in August and September.
Bearish strength: 70/100
- US natural gas prices fell to $2.76 per MMBtu, their lowest level in two months.
- Above-average temperatures across the Midwest and East through November 5 are expected to limit heating demand.
- Mild weather forecasts outweighed support from smaller storage injections, strong LNG feedgas demand, and lower production.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.