U.S. natural gas futures settled 4.9% lower as traders looked beyond the snow on the ground in Houston to forecasts for a warmup in early February.

European natural gas jumped after Germany signaled it may subsidize the refilling of storage sites, spurring spot demand for the fuel and further driving a seasonal price spread.

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on ...

Natural-gas prices hit some of the lowest prices on record last year after one of the warmest winters on record left a ...