Natural Gas Prices Plummet on Warmer February Forecast

Market Intelligence Analysis

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Why This Matters

Natural gas prices in the US dropped by 17% due to forecasts of milder weather in the coming weeks, potentially reducing heating demand and impacting the market.

Market Impact

Market impact analysis based on bearish sentiment with 90% confidence.

Sentiment
Bearish
AI Confidence
90%
Time Horizon
Short Term

Article Context

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Natural gas prices in the United States dropped by 17% in Asian trade on Monday, driven by forecasts for milder weather in the coming weeks. Data from the National Oceanic and Atmospheric Administration cited by Bloomberg suggests that while most of the U.S. remains in the grip of cold winter weather, this is about to change, with parts of the country expected to see warmer-than-usual weather later this month. Earlier this month, U.S. natural gas soared 117% over just five days amid the cold spell that led to a surge in the demand for heating and…

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Original article published by OilPrice.com on February 2, 2026.
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