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Global gas prices remained strong at the end of December, with TTF near two-year highs, the UK NBP near $7, and the Japan-Korea Marker above $11. Cold weather, a supply crunch and optimism over a Christmas Eve Brexit trade deal supported European and Asian prices, while Henry Hub fell on mild US forecasts.
Tight European and Asian gas supply keeps energy and fertilizer input costs elevated, while the mild US outlook weighs on domestic gas prices.
naturalgasintel.comJamison CocklinDec 28, 2020After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% 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.
