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US natural gas prices posted their longest run of weekly losses since 2001, with prices down more than 30% from an August 14-year high. Mild weather and record production eased fears of a winter supply crunch, and European futures also fell on rising stockpiles.
Weak weather-driven demand and record supply are pushing gas prices lower, reducing the cost pressure on energy-intensive feed production. The decline could reverse if colder weather returns.
bloomberg.comGerson Freitas Jr.Oct 14, 2022After 104 past bearish weather events, Natural Gas moved a median -7.8% over 5 sessions (22% higher; middle half -14.8% to -0.8%), and -3.3% 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.
