Natural gas price spikes on Arctic forecast shift; UNG jumps as EQT, Range rally
New York, January 20, 2026, 10:41 EST — Regular session. U.S. natural gas prices surged in early Tuesday trading after weather forecasts swung colder for the last week of January, lifting gas-linked funds and U.S. producer stocks. The front-month Henry Hub contract was up about 20% at around $3.74 per million British thermal units (mmBtu). (CME Group) The move matters because it hits the market where it is most sensitive right now: winter demand expectations. The National Weather Service forecast temperatures 15 to 25 degrees Fahrenheit below average across parts of the Northeast and Midwest through the end of January,