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Henry Hub February natural gas prices fell 16.4 cents in the week to Jan. 11-17, dropping below $3 per mmBtu to $2.891.
Forecasts for a much milder late-January pattern outweighed the earlier freeze-related supply and demand effects.
Warmer forecasts reduce near-term heating demand and push gas prices lower, easing energy and fertilizer cost pressure on feed producers.
prometheus.orgPI News FeedJan 22, 2024After 104 past bearish weather events, Natural Gas moved a median -7.8% over 5 sessions (22% higher; middle half -14.8% to -0.8%), and -3.3% 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.
