Loading…
US natural gas futures rose about 3% on September 10 as producers cut output ahead of Hurricane Francine, expected to hit Louisiana. The October contract settled at $2.232/mmBtu.
Front-month prices rose despite expected demand losses from outages and LNG plant disruptions.
Storm-related production cuts tighten near-term supply and support gas prices, which feeds into energy and fertilizer costs for feed producers, though outages that reduce demand can partly offset the effect.
reuters.comScott DisavinoSep 10, 2024After 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.
