Loading…
UK NBP day-ahead gas prices are expected to gain as colder November temperatures lift demand. Prices averaged about 45 p/therm in October, their highest October average since 2014.
Colder UK weather raises gas demand for heating and power, supporting European gas prices. Direct feed commodity impact is minimal.
interfaxenergy.comCatriona ScottNov 2, 2017After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% 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.
