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US natural gas futures edged up to a 29-month high on forecasts for hotter weather and higher air conditioning and export demand. The July contract was about $3.436/MMBtu and was on track for its highest close since January 2019.
Expectations of stronger cooling and LNG demand tighten US supply, supporting higher gas prices and associated input costs for feed producers.
brecorder.comReutersJun 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.
