Colder weather patterns and the potential for increased storage draws in the back half of winter sent natural gas futures into rally mode on Monday.

Forward basis curve chart for the U.S. Northeast showing Algonquin Citygate, Iroquois Zone 2, and Transco Zone 6 NY natural gas prices from January 2026 through February 2028, with pronounced winter spikes above $9/MMBtu, deep summer discounts near zero or negative levels, and recurring seasonal volatility.

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At A Glance:

Winter weather to shift colderProduction remains elevatedNGI sees 86 Bcf storage draw