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US natural gas futures rose to a five-week high on forecasts of above-normal heat through mid-September and expected higher feedgas flows to LNG export plants. Gains were also supported by a 3% rise in oil prices after Iran resumed attacks.
Stronger LNG export demand and heat-driven power burn support US gas prices, which feed into ethanol and nitrogen fertilizer costs.
After 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.