2026.02.0609:07:10UTC+00Natural Gas Prices in the US Stabilize

U.S. natural gas futures remained steady at approximately $3.50 per MMBtu on Friday, poised to close the week with a decrease of nearly 20%, effectively offsetting the approximate 20% increase experienced in the previous period. Market participants analyzed the unprecedented 360 billion cubic feet (Bcf) drawn from U.S. underground natural gas storage last week, which resulted in inventories falling 27 Bcf below the five-year average, a stark contrast from the 143 Bcf surplus recorded the prior week. In tandem, production is showing signs of recovery, with output in the Lower 48 states climbing to around 106.6 billion cubic feet per day (bcfd) in early February, up from January levels. Concurrently, mid-February weather predictions indicate significantly warmer temperatures, especially in the northeastern U.S., thereby reducing anticipated heating demand following the previous week's Arctic cold spell.