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The November natural gas contract expired at $3.164 after a volatile final session, up about 9% week over week. LNG feedgas near 14 BCF/day and strong output of 102.7 BCF were noted, with prices easing on lower crude and warmer weekend forecasts.
Strong output offsets firm LNG demand, so near-term gas prices are likely to stay range-bound and tied to weather forecasts.
stonex.comHeather WineOct 30, 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.
