Loading…
US natural gas futures rose about 2% on January 2, 2024 after the New Year holiday, with February delivery up 2.3% to $2.571 per mmBtu. Forecasts for colder weather and higher heating demand, plus record LNG feedgas flows, supported prices despite record output and ample storage.
Gas-fired power and fertilizer costs are linked to gas prices, and sustained cold raises feed-related energy and nitrogen input costs. Ample storage and record output, however, limit the upside for prices.
brecorder.comReutersJan 3, 2024Not enough comparable past events yet for a historical read.
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.
