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The EIA raised its Henry Hub spot price forecasts for 2023 to $2.67 per MMBtu and for 2024 to $3.25 per MMBtu in its November Short-Term Energy Outlook. It expects prices to average around $3.40 over the winter, peaking above $3.60 in January.
A higher official US gas price outlook signals firmer energy and fertilizer input costs into 2024, although the forecast still reflects ample supply.
rigzone.comAndreas ExarheasNov 28, 2023After 74 past bullish report events, Natural Gas moved a median +1.3% over 5 sessions (55% higher; middle half -4.0% to +11.3%), and +2.1% 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.
