Alex Bobrov
⬤ U.S. natural gas prices exploded higher in one of the most dramatic rallies ever seen in the commodity. Futures jumped to around $5.45 per MMBtu as brutal winter weather gripped the nation, with prices climbing roughly 75% in just three days—the biggest three-day move the market has ever recorded.
⬤ The price chart tells a striking story: natural gas ripped from the mid-$3 range straight through $5.40 with barely a pause for breath. Monday's session alone posted an 11.8% gain. Day after day, strong buying dominated the action, creating consecutive upward candles that signaled relentless demand rather than a quick spike and fade.
⬤ The catalyst was simple but powerful—an arctic blast slammed into large parts of the country, cranking up heating demand and sparking worries about how fast storage levels would drop. Natural gas is notoriously weather-sensitive, and the chart's near-vertical climb shows just how fast traders repriced everything when the cold forecasts intensified.
⬤ This wasn't just another winter rally. Natural gas powers heating systems and generates electricity across America, so a move this size sends shockwaves through energy markets. Utilities face rising costs, volatility spikes across related assets, and the record-breaking gain serves as a reminder of how violently natural gas can move when extreme weather collides with tight supply-demand dynamics during peak winter demand.
Alex Bobrov
