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US May natural gas futures fell to a 3-3/4 year low on April 26, 2024. Inventories were 37% above the five-year seasonal average and mild spring weather curbed heating and cooling demand.
Ample US gas supply and weak demand keep domestic energy costs low, which is bearish for gas and a modest cost relief for US feed producers.
barchart.comRich AsplundApr 26, 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.
