U.S. natural gas futures surged over recent sessions as an intense Arctic cold snap drove a spike in heating demand and disrupted production, pushing output to its lowest level in roughly two years. The weather-driven supply squeeze sent both futures and spot prices sharply higher, with power markets also registering record levels, implying higher costs for end users. The move underscores the sensitivity of Natural Gas to extreme weather events, particularly when cold conditions simultaneously lift demand and constrain wellhead and pipeline activity.
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Over the past month, U.S. natural gas prices have advanced about 22% as the market repriced tightening fundamentals and growing weather risk. The 1-day technical setup for CM:NG currently screens as a Buy, indicating short-term momentum remains skewed to the upside, though volatility is elevated and sensitive to changing temperature forecasts and production recovery. Investors can explore more updates, prices, and analysis across global markets at Commodities.