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Nat-gas prices came under pressure as forecasts shifted to cooler US temperatures, which were expected to reduce electricity demand for air conditioning. Power output and gas demand data were mixed in the same period.
Expected lower cooling demand weakens gas burn for power generation, pointing to softer natural gas prices and modestly lower energy costs for feed processors.
After 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.