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U.S. natural gas futures jumped almost 6% on September 24 after the EIA reported a 66 bcf storage injection for the week ended September 18, well below the 78 bcf analyst forecast. Output declined and LNG exports rose, and front-month futures settled at $2.248/MMBtu.
A storage build smaller than expected tightens the supply cushion heading into winter, supporting higher gas prices and input costs for feed producers.
brecorder.comReutersSep 25, 2020After 74 past bullish report events, Natural Gas moved a median +1.3% over 5 sessions (55% higher; middle half -4.0% to +11.3%), and +2.1% 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.
