Loading…
US spot natural gas prices in Texas fell below zero on June 25 for the first time since May. Pipeline maintenance trapped gas in the Permian Shale even as a heat wave lifted power demand.
Negative local prices reflect a regional pipeline bottleneck rather than a national supply glut, so the effect on feed costs is limited. Henry Hub prices are the more relevant benchmark for feed-industry energy costs.
reuters.comScott DisavinoJun 25, 2024After 29 past bearish logistics events, Natural Gas moved a median -9.8% over 5 sessions (21% higher; middle half -20.0% to -3.1%), and -16.6% 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.
