US Natural Gas Extends Gains on Oil Price Gain, Lingering Cold
Photographer: Derick E. Hingle/Bloomberg
US natural gas futures ended higher for a second day on a cold shift in weather forecasts, indicating higher demand for the heating and power-plant fuel. Rising oil prices, which have influenced the front-month US gas contract in recent months, may also be supporting US gas prices by driving financial inflows into baskets of energy products.
The US Energy Information Administration’s Short-Term Energy Outlook released Tuesday forecast slightly higher utilization rates at US liquefied natural gas export terminals in 2026 compared with 2025 as operators seek to take advantage of wider price spreads between US gas and Asian and European export markets. This would mean slightly higher US gas demand throughout the year.