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An essay reviews the early-2023 slump in natural gas prices, which hit an 18-month low with the February contract down 54% from December. Record production, a warm January and the Freeport LNG outage all contributed, and the author expects an oversupplied market.
Oversupply and weak gas prices lower energy costs over the medium term. The essay gives general market context rather than a new price shock.
doi.orgRichard G. SmeadApr 6, 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.
