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A CNA analysis describes a perfect storm of demand and supply factors driving a historic surge in global gas prices, with European and US benchmarks up nearly 300% and 100% in recent months. It warns of possible stagflation and a spillover into crude oil markets.
Sustained gas price strength raises energy costs across the economy and could spill into crude and inflation, affecting feed input and transport costs. The article is explanatory rather than a new shock.
channelnewsasia.comTang See KitSep 30, 2021After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% over 20.
After 102 past neutral macro events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% 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.
