U.S. natural gas futures surged 6.1% for the week ended Oct. 9, 2026, settling at $3.22 per MMBtu. The rally was fueled by reduced production, hurricane-related supply disruptions, and expectations of stronger heating demand as winter approaches. Despite a larger-than-expected 85 Bcf inventory build, prices remained positive throughout the week.
Pipeline outages and concerns over Hurricane Isaias impacting offshore operations provided additional support. Inventories reached 3,500 Bcf, though still below year-earlier levels, signaling a narrowing storage surplus. Investors are watching CNX Resources (CNX), EQT Corporation (EQT), and Kinder Morgan (KMI) as potential beneficiaries.
Sustained gains depend on weather, production trends, and LNG export recovery.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing