# US natgas jump to fresh 32-month high - Markets - Business Recorder

> 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.

- Date: 2021-08-28 · published 2021-08-28T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/45737-us-natgas-jump-to-fresh-32-month-high-markets-business-recorder
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Hurricane-related output losses and strong export demand for US LNG tighten domestic supply, pushing up gas costs for power and fertilizer.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-06-25 | [US natgas rises to fresh 29-month high - Markets - Business Recorder](https://feedsoft.ai/events/46765-us-natgas-rises-to-fresh-29-month-high-markets-business-recorder.md) | +10.5% | +21.6% |
| NATGAS | 2022-11-08 | [US natgas futures jump - Markets - Business Recorder](https://feedsoft.ai/events/7580-us-natgas-futures-jump-markets-business-recorder.md) | +7.4% | -11.6% |
| NATGAS | 2020-08-20 | [US natural gas futures up at fresh 8-month high - Markets - Business Recorder](https://feedsoft.ai/events/51822-us-natural-gas-futures-up-at-fresh-8-month-high-markets-business-recorder.md) | +2.6% | -24.4% |
| NATGAS | 2024-01-10 | [US natgas prices higher - Markets - Business Recorder](https://feedsoft.ai/events/4186-us-natgas-prices-higher-markets-business-recorder.md) | -11.0% | -39.3% |
| NATGAS | 2022-07-29 | [US natgas futures up - Markets - Business Recorder](https://feedsoft.ai/events/40668-us-natgas-futures-up-markets-business-recorder.md) | -2.1% | +11.7% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40116422

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.