US Natural Gas Prices Ease Amid Milder Weather Forecasts

US natural gas prices have eased as weather forecasts turn milder, with Henry Hub futures near a one-week low around $2.962 per million British thermal units.

This decline in prices is attributed to reduced demand expectations for heating and air conditioning during the fall 'shoulder season', when forecasts are mild.

Data provider LSEG has trimmed its demand forecasts, while US production remains high and storage is slightly above its five-year average.

The March-April 2027 'widow-maker' spread has slipped to a record-low of 8 cents, indicating less fear of a prolonged squeeze in the market.

This development may seem calm on the surface, but experts warn that a near-zero premium for late-winter flexibility can leave little buffer if forecasts suddenly flip colder and the spread has to reprice quickly.