U.S. Natural Gas Jumps to Three-Year High as Arctic Freeze Slashes Output

U.S. natural gas prices spiked sharply, with front-month futures on the New York Mercantile Exchange climbing to a three-year high after an Arctic cold snap froze oil and gas wells and pushed output to its lowest level in roughly two years. The extreme weather-driven supply disruption sent U.S. natural gas Natural Gas futures up about 89% over a five-day stretch, underscoring the market’s sensitivity to short-term production shocks during peak winter demand. The rally spilled over into broader energy markets, with both U.S. crude Oil – US Crude and international benchmark Oil – Brent Crude also firmer, as traders reassessed near-term supply risk and potential knock-on effects on refining and power sectors.

Over the past month, natural gas has surged about 27.41%, reflecting both weather-related demand and constrained supply, and its 1-day technical outlook currently flashes a Buy signal, indicating momentum remains skewed to the upside but also heightening volatility risk. U.S. crude prices have advanced roughly 7.73% over the same period, supported by tighter balances and weather disruptions, with the latest 1-day technical gauge also at Buy, suggesting positive short-term trend conditions. Brent has gained about 8.32% in one month, outpacing U.S. crude slightly and likewise showing a 1-day Buy signal, consistent with a constructive technical backdrop. Investors can explore more updates, prices, and analysis across global markets at Commodities.