Natural Gas Extends Rebound

2026-02-06 15:34 By Andre Joaquim 1 min. read

US natural gas futures rose to over $3.5 per MMBtu on Friday, set for a fourth consecutive session of increases as higher flows to liquified natural gas terminals in the US raised the outlook of exports in the near term.

Expectations of exports were aligned with the increase in natural gas benchmarks in Europe and Asia due to the cold weather across the regions, driving US gas consumers to compete with higher demand from overseas.

Colder weather in the US Northeast also supported prices.

Still, front month contracts were due to end the week nearly 20% down as Monday's plunge extended the period of unprecedented volatility in US natural gas prices, largely due to higher heating demand following the wave of winter storms across the US.

Consequently, stocks measured by the EIA fell by a record 360 billion cubic feet last week, which left inventories 27bcf below their five-year average, compared with a 143 bcf surplus the earlier period.



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