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Barchart

Andrew Hecht

Is Natural Gas Heading Lower as the Shoulder Season Approaches?

Natural Gas KOLD Nymex BOIL UNG Gas Prices ETF United States EIA Barchart

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.

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