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Analysts say the oil price collapse could lead to higher U.S. natural gas prices by next winter as gas-focused shale producers survive the downturn. Henry Hub closed at $1.733/MMBtu on Thursday, down 2.8% on the day, after dropping to $1.552 earlier in April.
Lower oil drilling is expected to cut associated gas supply later, which supports a medium-term price recovery from current lows.
oilprice.comTsvetana ParaskovaApr 12, 2020After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% 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.
