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Cold weather across much of the U.S. is cutting natural gas output in shale regions, with Bakken production down more than 20 percent since last month according to analyst estimates. The heating fuel's output losses come as demand rises.
Freeze-related production losses tighten supply just as heating demand climbs, which supports natural gas prices.
reuters.comJan 2, 2018After 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.
