CommoditiesMedium•8 October 2026•
1 min read
U.S. Natural Gas Futures Rally for Fifth Consecutive Session
Key Facts
1U.S. natural gas futures extended their rally into a fifth consecutive session.
2Markets expect an eighth consecutive below-average inventory build, further reducing the storage surplus over the five-year average.
U.S. natural gas futures extended their rally into a fifth consecutive session. The Wall Street Journal reported that the price action comes as traders anticipate the upcoming weekly inventory report, with expectations for an eighth consecutive below-average storage build.
The rally is driven by a shrinking storage surplus relative to the five-year average, signaling tightening supply-demand fundamentals. In a broader economic context, earlier data from October 2026 showed the U.S. ISM Manufacturing PMI at 54.5, indicating steady industrial activity as the energy market focuses on inventory levels.