The February NYMEX natural gas contract expired at $3.63 per MMBtu, and March gas fell below $2.90 as forecasts shifted to less extreme cold. The EIA reported a 99 Bcf storage withdrawal, well below the five-year average of 164 Bcf, but the outlook still turned bearish.
Warmer forecasts and a smaller-than-expected storage draw reduce near-term demand, pushing prices lower. Lower natural gas prices reduce energy costs for feed processing, though storage remains 16% below the five-year average.
Nach 104 vergangenen Ereignisse (bearisch, Wetter) bewegte sich Erdgas im Median über 5 Handelstage um -7,8 % (22% höher; mittlere Hälfte -14,8 % bis -0,8 %) und über 20 Handelstage um -3,3 %.
Veränderungen des Benchmarks jedes Rohstoffs seit dem letzten Schluss vor dem Ereignis. Historische Werte bündeln frühere Ereignisse derselben Art; sie beschreiben, was passiert ist, nicht was passieren wird. Keine Anlageberatung.
Forecasts shifted to less extreme cold and March gas fell below $2.90, while a storage withdrawal well below the five-year average added to the bearish sentiment during the decline.