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US natural gas futures rose over 4% to a 32-month high on forecasts of hotter weather into mid-September and concerns that Tropical Storm Ida will shut Gulf of Mexico production. Near-record European and Asian gas prices are also supporting US futures.
Hurricane-related output losses and strong export demand for US LNG tighten domestic supply, pushing up gas costs for power and fertilizer.
brecorder.comReutersAug 28, 2021After 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.
