Natural gas futures in the United States rise, market focuses on oil market.

U.S. natural gas futures rose in early trading, gaining some support from the volatile oil market. Eli Rubin of EBW Analytics stated in a report that liquefied natural gas demand is increasing, and some supply from the Permian Basin is being shut in due to negative prices in Waha, leading to a slight decrease in production. He said, "Short-term natural gas prices seem more likely to follow oil prices rather than trade based on natural gas fundamentals." With warm weather forecasted for March, "natural gas prices following war-related news rather than fundamentals indicates medium-term downside risks when West Texas Intermediate crude oil and natural gas decouple." New York Mercantile Exchange natural gas prices rose by 3.1% to $3.114 per million British thermal units.