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TC Energy declared force majeure on its Columbia Gulf natural gas station after a fire shut the facility. U.S. gas futures swung sharply on the news before settling about 2% higher as traders expected a quick return to service.
A short-lived pipeline outage causes a brief bump in gas prices but has little lasting effect on supply. Impact on feed commodities is minimal.
reuters.comApr 28, 2023After 54 past bullish logistics events, Natural Gas moved a median -1.8% over 5 sessions (43% higher; middle half -5.7% to +6.2%), and +5.1% 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.
