# Natural Gas Prices Reach ‘Turning Point,’ with Possible Rally into 2021, Says BofA

> BofA Global Research said natural gas had reached a turning point, with prices likely to find support as summer heat eases storage injections. Analysts expect European and Asian LNG demand for US gas to recover from September and rise into winter. They forecast US storage of 3.92 Tcf by the end of October, below the 2016 record.

- Date: 2020-08-04 · published 2020-08-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/51820-natural-gas-prices-reach-turning-point-with-possible-rally-into-2021-says-bofa
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A forecast recovery in LNG demand and tighter storage would support US gas prices into winter, raising input costs for fertilizer and drying. The view is an analyst outlook rather than a new supply event.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/natural-gas-prices-reach-turning-point-with-possible-rally-into-2021-says-bofa/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.