U.S. natural gas futures softened on Friday, steered lower by bearish demand and supply signals despite mounting anxiety over the destruction of vital gas infrastructure in the Middle East.

Chart comparing Henry Hub natural gas prices with JKM and TTF futures from March 2025 to March 2026, showing U.S. prices near $3–$5/MMBtu while global benchmarks surge above $20/MMBtu.

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At A Glance:

April contract posts week/week lossFutures curve reflects long-term war impactsRegional cold snaps seen boosting demand