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The EIA's September Short-Term Energy Outlook projects Henry Hub spot prices averaging $3.40/MMBtu in January 2021 and above $3 for all of 2021. U.S. working gas storage was 13% above the five-year average at the end of August, and LNG exports rose 19% in August to 3.7 Bcf/d.
The EIA forecast points to firmer natural gas prices through winter, raising energy and fertilizer costs for grain and feed producers. The forecast is a projection and carries limited immediate market impact.
naturalgasintel.comCarolyn DavisSep 9, 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.
