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US natural gas futures jumped about 8% to a two-year high of $3.989/MMBtu on colder forecasts and record gas flows to LNG export plants. Analysts expected large storage withdrawals that could erase the storage surplus by the end of January.
Colder demand outlooks and record LNG pull tighten supply and lift natural gas prices, raising energy and drying costs for feed makers.
brecorder.comReutersJan 11, 2025After 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.
