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Henry Hub spot gas averaged US$1.81/mmBtu in the first half of 2020, with June hitting US$1.63, the lowest real monthly price since at least 1989. Mild winter weather, high storage and LNG export declines drove the slide.
Persistently low US natural gas prices cut energy costs for ethanol and feed processors and reduce the fuel-switching pressure on grain demand.
hydrocarbonengineering.comTom MostynJul 14, 2020After 62 past bearish report events, Natural Gas moved a median -3.0% over 5 sessions (42% higher; middle half -7.6% to +4.6%), and -0.5% 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.
