Natural Gas Market Note | 04.24.2026
Futures fall further, pushing to multi-year lows.
Natural gas continued its downward slide on Friday, picking up where the previous day left off. After yesterday’s 11-cent decline, the May 2026 contract gave up another $0.09 per MMBtu to finish near $2.52 ahead of the weekend. This is the lowest daily settlement for prompt-month natural gas since November 2024. The Balance-of-Summer 2026 strip settled near $2.91 per MMBtu, marking a four-year low for those contracts.
The substantial two-day decline comes following an week-plus period of very low volatility and marginal daily gains. With heating demand now moving fully out of the picture, and mild weather on tap for at least the next two weeks, it appears again that the near-term path of least resistance is pointing to the downside.
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