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US natural gas futures rose for a fourth straight session, with the July Nymex contract settling at $3.496/MMBtu, the highest prompt-month close since January 2019. Heat across the West and South and strong LNG feedgas demand drove the gains.
Hotter weather and rising export demand tighten US gas balances into peak cooling season, supporting higher natural gas prices and raising power costs for grain drying and processing.
naturalgasintel.comKevin DobbsJun 25, 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.
