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Natural gas futures settled higher on June 19, 2020, as mid-range forecasts showed more heat in the Midwest and Northeast. The July Nymex contract closed at $1.669 per MMBtu, though LNG volumes stayed weak at around 3.8 Bcf.
Heat-driven cooling demand supports near-term gas prices, modestly raising energy input costs. Prices remain near the bottom of their trading range, so the impact on feed costs is limited.
naturalgasintel.comNGI Staff ReportsJun 19, 2020After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% 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.
