Is Natural Gas Heading Lower as the Shoulder Season Approaches?

Natural gas is a seasonal commodity that typically reaches annual highs during the coldest winter months, when heating demand peaks. In my January 15, 2026, Barchart report on energy commodities in Q4 and 2025, I wrote the following on the prospects of NYMEX natural gas futures prices in early 2026: Natural gas and coal prices should remain volatile through the winter as demand will depend on weather conditions. Nearby NYMEX natural gas prices settled at $3.686 per MMBtu on December 31, 2025, and were lo ...