Natural Gas Market Note | 03.20.2026
Natural gas futures end the week on a down note.
NYMEX futures finished lower on Friday, as the U.S. market continues to be mostly insulated from global volatility. The prompt-month April 2026 contract ended the day near $3.10 per MMBtu, roughly in the middle of the weekly trading range between $2.92 and $3.27 per MMBtu. Winter 2026–27 was down just 1 cent on the day but still finished the week higher, in contrast to contracts closer to the front of the curve.
Following the brief cold snap early this week, temperature patterns are entering an overtly bearish stretch into early next week. Although some cooler-than-normal weather is expected to impact parts of the Midwest and East over the next 10 days, the intensity at this point in the season will likely be muted. Weather-related demand is clearly on the downswing, and storage inventories should resume growth after a likely net withdrawal in next week’s report.
An archive of Daily Natural Gas Market Notes can be found here.