Natural Gas futures rallied over 12% on EU ban news.

Natural Gas futures experienced a significant rally today, trading up over 12% and reaching a two-week high at the $3.35 level on heavy volume. This marked a sharp reversal after the contract dipped below the $3 handle in the previous session to one of its lowest levels for 2025. The primary driving factor for the surge was the EU's announcement of a potential ban on Russian natural gas imports by 2028, which is having a significant, short-term impact on market sentiment and the pricing structure. This geopolitical factor, combined with forecasts for stronger demand rolling into the winter months, is moving prices back into the middle of the trading range seen over the last several months. WTI Crude Oil futures were largely unchanged to slightly lower on the day, hovering near their 2025 lows.