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U.S. natural gas futures rose over 6% on Monday after forecasts pointed to colder weather and higher heating demand over the next two weeks. European gas prices also jumped about 8-10% amid fears of Russia invading Ukraine and cutting supplies.
Stronger heating demand and higher European prices support U.S. gas costs and keep export demand for U.S. LNG strong, which pressures domestic supply.
reuters.comFeb 14, 2022After 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.
