Natural gas prices have been fluctuating between $2.60 and $5 per MMBtu due to cold weather and supply disruptions. Storage levels offer some cushion, but prices could rise if cold conditions persist. Forecasts suggest potential price increases if severe weather events occur.

The imbalance between supply and demand in the natural gas market is driving prices up. Cold weather increases demand, while supply disruptions add pressure. Storage levels are helping to mitigate the situation, but forecasts of more cold snaps could push prices higher in the future.

The International Energy Agency predicts stable natural gas prices around $3.46 per MMBtu for the year. However, recent colder weather may impact this forecast. Geopolitical tensions add further uncertainty to long-term price forecasts, potentially increasing volatility in the market.

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Read more at Investing.com: Natural Gas: Cold Snaps, Supply Disruptions Could Spark Breakout Toward $5 Target