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NGI's weekly national spot gas average fell 7.5 cents to $1.645/MMBtu for the Oct. 21-25 period, with losses across most hubs.
Mild fall weather cut demand, and Waha prices turned negative. November Nymex futures rose 3.8 cents to $2.560 in their final full week as prompt month.
Weak cash prices and mild weather point to soft near-term natural gas demand. This keeps US energy and nitrogen input costs contained for feed producers.
naturalgasintel.comJodi ShaftoOct 25, 2024Not 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.
