Natural Gas Market Note | 03.13.2026
Natural gas prices end the day and week lower.
The front of the NYMEX natural gas futures curve ended the day lower, with the April 2026 contract falling by $0.10 per MMBtu to end the week at $3.13 per MMBtu. Deferred deliveries also saw declines, although to a lesser extent, with Summer 2026 falling by $0.09 per MMBtu to close at $3.40 and Winter 2026/27 losing $0.03 per MMBtu to finish at $4.43. Today’s loss helped push futures pricing for the next 12-months to a loss on the week, while subsequent seasons ended slightly higher than last Friday’s settlement price.
Like much of this week, there was little material change in the fundamentals of the natural gas market today with minimal changes in anticipated weather-related demand implied by near-term temperature forecasts and no major changes in daily supply/demand estimates. This type of quiet market is not uncommon during shoulder seasons when the market begins to shift focus from winter heating demand to the outlook for summer cooling demand.
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