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U.S. natural gas futures rose about 1% to a four-week high on April 18 on a preliminary daily output decline and forecasts of cool weather. Feed gas to U.S. LNG export plants was on track for a record in April after Freeport LNG returned from an outage.
Rising LNG feed gas demand and cooler weather support gas prices in the short term. The effect on feed commodities is limited.
brecorder.comReutersApr 20, 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.
