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US natural gas futures rose to a 13-year high of about $8 per MMBtu as Europe and Asia competed for US LNG cargoes. The explainer attributes the surge to strong export demand alongside tight storage.
Export pull on US LNG tightens domestic supply and lifts gas prices. Higher gas costs raise nitrogen fertilizer prices and drying costs for feed producers.
reuters.comMay 6, 2022After 59 past bullish trade events, Natural Gas moved a median +1.3% over 5 sessions (61% higher; middle half -2.7% to +10.6%), and +8.0% 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.
