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U.S. natural gas futures fell about 3% as the Freeport LNG outage left more gas available for utilities to put into storage. Analysts expect the weekly storage build to be near normal despite hotter-than-usual weather, and futures were on track for a roughly 22% monthly drop in June.
Freeport's outage keeps domestic gas supply ample for storage, pushing U.S. gas prices lower and reducing energy costs for U.S. feed and fertilizer producers.
energynow.comJun 30, 2022Not 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.
