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US natural gas futures held near a seven-week low as record output and ample storage let utilities keep injecting gas later than usual. Traders have priced out winter price spikes, with the January-December spread at its lowest since November 2022.
Record output and high storage point to continued weak gas prices through winter, which keeps energy and fertilizer input costs contained.
gasprocessingnews.comNov 1, 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.
