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A polar blast across the eastern U.S. drove record gas deliveries of 143 Bcf on New Year's Day, topping a record set during the 2014 polar vortex. February gas futures rose to about $3.05 per MMBtu, though still well below their 2014 highs.
Record demand against already below-normal storage raises the risk of a sustained price rally if cold persists and withdrawals stay heavy.
worldoil.comNaureen S. MalikJan 3, 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.
