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US natural gas futures rose about 1% on October 23 after an eight-day losing streak, as forecasts called for cooler weather and higher heating demand. Record output and ample storage kept prices under pressure.
Colder forecasts can lift gas demand and ease the bearish supply overhang, although heavy output limits the rally.
brecorder.comReutersOct 25, 2023After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% 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.
