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US natural gas futures jumped about 10% on May 20 to settle at $3.427/MMBtu, the biggest daily gain since early April. The rally followed a decline in daily output, forecasts for higher demand the next week, and technical buying after prices fell below the 200-day moving average.
Forecasts called for above-normal summer temperatures across the continental US.
A sharp rise in gas prices lifts nitrogen fertilizer and energy costs, though the move was largely technical and short-lived.
hartenergy.comMay 20, 2025Not enough comparable past events yet for a historical read.
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.
