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US natural gas futures advanced on higher LNG feedgas estimates ahead of the October contract's expiry, with October Nymex up 4.4 cents to $2.700/MMBtu. Forecasts called for warm weather into mid-October.
Warmer forecasts reduce near-term heating demand, so the gain is largely driven by export flows and weakens the case for a major US gas rally.
naturalgasintel.comSep 27, 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.
Dated 2023-09-27, it reports US natural gas futures rising on higher LNG feedgas estimates and warm-weather forecasts ahead of October contract expiry, a direct demand-side driver of the day's jump.
