
The World Bank reported that its natural gas price index fell in April and May after a two-year high in February. The US benchmark dropped 18% and 8% month-on-month in those months, and European and Asian LNG prices also eased.
The report confirms a multi-month decline in gas and LNG prices driven by eased supply disruptions and weaker Asian LNG demand, which keeps energy input costs for feed and fertilizer production lower.
After 62 past bearish report events, Natural Gas moved a median -3.0% over 5 sessions (42% higher; middle half -7.6% to +4.6%), and -0.5% 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.