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US natural gas futures rose over 2% to a six-week high of $2.817/MMBtu on January 13, 2021, supported by strong LNG export demand. Lower 48 output averaged 91.5 bcfd so far in January, and LNG feedgas averaged 10.6 bcfd near record levels.
Forecasts for milder US weather were expected to reduce heating demand the following week.
Strong LNG export pull and global price spikes support US gas prices, but milder weather ahead limits upside; this is routine market movement.
brecorder.comReutersJan 13, 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.
