As demand for fuel falls, gas prices and output also take a hit

After 59 past bearish macro events, Natural Gas moved a median +1.3% over 5 sessions (58% higher; middle half -5.0% to +5.2%), and -2.0% over 20.

• May 12, 2020U.S. natgas futures slide as mild weather and coronavirus cuts demand | Financial Post+0.8%
• Mar 20, 2023Global Natural Gas Prices Keep Falling as Demand Weakens, Banking Crisis Weighs on Markets – LNG Recap-10.6%
• May 7, 2020Virus Lockdowns Pummel Global Gas Demand, Force LNG-17.4%
• May 11, 2020Natural Gas Exports Slow as Pandemic Reduces Global Demand - The New York Times-7.2%
• Mar 26, 2020How coronavirus will alter natural gas markets-5.2%

After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.

• Feb 25, 2020Oil falls for fifth day on demand concerns as coronavirus spreads-9.0%
• Mar 23, 2020From Asia to the U.S., fuel prices pummeled by coronavirus fallout-15.4%
• Sep 25, 2020Oil prices down for the week on new coronavirus concerns-4.0%
• Jul 28, 2020Is peak oil finally here? OPEC prepares for age of falling demand | Business and Economy | Al Jazeera-1.5%
• Jul 12, 2022Oil falls 8% as global recession fears spook market | Oil and Gas News | Al Jazeera-1.5%