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US natural gas futures posted their largest decline since July, dragging down gas producer shares. Warmer-than-average Midwest temperatures fueled expectations that a mild winter would curb heating demand.
A milder winter outlook lowers expected gas demand and prices, reducing near-term energy input costs for feed manufacturers.
investors.comBLOOMBERG NEWSOct 24, 2016After 104 past bearish weather events, Natural Gas moved a median -7.8% over 5 sessions (22% higher; middle half -14.8% to -0.8%), and -3.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
