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U.S. natural gas futures strengthened on April 17 as weather models trended cooler for late April. The May contract settled at $2.275/MMBtu, up 16 cents, while LNG feed gas demand hit a new high.
Cooler weather boosts heating demand and supports gas prices in a market otherwise well supplied. Feed commodity prices are not directly affected.
naturalgasintel.comLeticia GonzalesApr 17, 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.
