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U.S. natural gas futures rose about 3% after forecasts pointed to colder weather and higher heating demand over the next two weeks. Stockpiles were about 2.4% below the five-year average.
Freeport LNG's restart delay was noted, with some LNG cargo ships leaving the plant.
Forecast colder weather raises expected heating demand and storage withdrawals, supporting higher gas prices. The Freeport delay keeps LNG export demand lower, which limits upside.
brecorder.comReutersDec 8, 2022After 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.
