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Gas price volatility calmed in November as high European storage and healthy supply held prices steady. Henry Hub averaged about $2.70/mmBtu, down 10% from October, while Asian JKM rose 4%.
Ample storage and steady supply point to soft gas prices into the heating season's end. Lower energy costs slightly support feed production and fertilizer margins.
globallnghub.comDavid CallananDec 5, 2023Not 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.
