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US natural gas futures rose above $3.10 per MMBtu on November 20 as colder weather was forecast for late November and early December. Cash prices rose by double digits at most hubs, and storage was near 4.0 Tcf.
The forecasts pointed to a larger than normal storage draw.
Colder demand and a larger storage draw signal firmer US gas prices. This raises energy and fertilizer costs for feed producers in the near term.
naturalgasintel.comJodi Shafto20 nov 2024Tras 221 eventos alcista de clima pasados, Gas natural se movió una mediana de +3,3 % en 5 sesiones (61% al alza; mitad central entre -5,2 % y +14,0 %), y -0,3 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
