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US natural gas futures touched a three-month high in mid-May as prices recovered toward February levels. Analysts note the market is tight but that summer cooling demand and Atlantic hurricane season do not guarantee further gains.
Tight US gas supply supports energy costs, but the article's caution about limited further upside suggests the price impact is moderate.
marketwatch.comMyra P. SaefongJun 3, 2021Not enough comparable past events yet for a historical read.
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.
