US Natural Gas futures extend rally on cooler forecasts – ING

FXStreetOct 31, 2025 9:41 AM

View all comments（0）



US Natural Gas Dec’25 futures extended their rally, rising 3.7% yesterday and gaining further this morning, ING's commodity experts Ewa Manthey and Warren Patterson note.

Storage rises 74 bcf, above five-year average

"US Natural Gas Dec’25 futures rallied 3.7% yesterday, and the strength has continued in early morning trading today. The move higher comes despite US Natural Gas inventories rising by 74 bcf over the last week, in line with expectations, and above the 5-year average increase of 67 bcf."

"Instead, the market appears to be focused on forecasts for cooler weather, which should prove supportive of demand."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Today’s Market Recap: U.S. Stocks Rebound as Nasdaq Gains 1.11%, Memory Chip Stocks Rally, SanDisk Jumps 5.5%

TradingKey - U.S. stocks rebounded on Monday, October 19, following a sharp sell-off in AI infrastructure stocks last week, lifting the Nasdaq Composite and S&P 500.

Japan and South Korea Stocks Open Lower; Kospi Falls Over 2%, SK Hynix Drops More Than 4%, SoftBank Down Over 3%

TradingKey - On October 20, Japanese and South Korean stock markets both opened lower in morning trading, with South Korean stocks extending their decline. The South Korea Composite Stock Price Index (KOSPI) opened 0.60% lower at 5,733.57 points, later widening its drop to 2.20% at 5,641.21 points; Japan's Nikkei 225 Index (N225) opened 0.25% lower at 64,755.49 points, subsequently falling 0.77% to 64,415.21 points.

US Stocks Close: Nasdaq Rises 1.1% as Tech Stocks Rebound, Memory Stocks Lead Gains With Micron Up Nearly 3%

On October 19 ET, following last week's sell-off in AI infrastructure stocks, tech shares rebounded on Monday, driving the Nasdaq and the S&P 500 higher. Memory stocks led the gains, while chipmakers such as Intel and AMD also recovered. At the close, the Dow Jones Industrial Average fell 0.07% to 51,966.03; the Nasdaq Composite Index gained 1.11% to 26,430.89; and the S&P 500 Index rose 0.41% to 7,690.73.

CRWV Stock Price Forecast: Upgraded to Buy by Goldman Sachs but Price Target Cut by 23%, Technicals Show Stock May Still Fall

On October 19, Eastern Time, shares of CoreWeave (CRWV) rebounded nearly 3% after Goldman Sachs upgraded its rating from "Neutral" to "Buy." However, at the same time, the firm lowered its price target from $139 to $106. Its core thesis is that the market may have overestimated financing pressures while underestimating the potential for improvement in returns on computing power investments.

The Week Ahead: Tesla, Meta and WDC Earnings Take Center Stage as US Q3 Earnings Season Enters Key Trading Window

TradingKey - In the coming week (October 19 to October 23), the US market will shift its focus from this week's inflation data to the third-quarter earnings season and economic growth data. US September CPI released this week rose 3.7% year-on-year, while PPI climbed 1.3% month-on-month, marking the largest single-month increase since March 2022. Meanwhile, September retail sales grew 0.8% month-on-month and 6.3% year-on-year, indicating that while inflationary pressures remain elevated, US consumer spending continues to demonstrate resilience.

Featured Tools