Loading…
Nearby US natural gas futures reached their highest level in more than two months on forecasts of an Arctic blast that could disrupt supply and spike demand. Prices further out the forward curve stayed contained because storage remains well stocked.
A near-term weather-driven demand spike lifts front-month gas prices, which feed into fertilizer and energy costs. The well-supplied storage position caps gains along the rest of the curve.
energyintel.comAuthor Everett Wheeler, Washington Editor Mark DavidsonJan 12, 2024After 221 past bullish weather events, NATGAS 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.
