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Weekly natural gas spot prices rose sharply for the Jan. 8-12 period amid frigid temperatures and lower production readings.
The February Nymex contract settled at $3.313/MMBtu, up about 15% from the prior week.
Strong cash and futures gains reflect heating demand and reduced northern output, which can keep gas prices elevated through the coming cold spell.
naturalgasintel.comJan 13, 2024After 221 past bullish weather events, NATGAS 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.
