Loading…
November Nymex natural gas futures rose 14.9 cents to $2.902/MMBtu on September 27 despite Hurricane Helene cutting power to about 4 million Southeast customers. LNG exports held steady and Southeast cash prices fell only slightly.
Production held near 100 Bcf/d.
Weather-driven demand loss from the storm was smaller than feared, so the price gain reflects tighter supply expectations that support energy costs for feed buyers.
naturalgasintel.comChris NewmanSep 27, 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.
