Weather factors regain pricing power as US natural gas futures fall below the $3 psychological threshold

Golden Ten Data reported on March 4 that U.S. natural gas futures prices have fallen below $3. As global energy price pressures ease, the market's attention has shifted back to weather factors. Temperatures are expected to rise next week, followed by a cold snap in mid-March that will boost demand. Eli Rubin of EBW Analytics stated in a report: "From a fundamental perspective, NYMEX natural gas is currently unaffected by global supply disruptions, as LNG exports are already running at full capacity—its price may soon decouple from oil prices and move lower." Nymex April-delivered natural gas futures fell 4.1% to $2.929 per million British thermal units. Dutch TTF natural gas futures dropped 13%.