Loading…
A polar vortex carrying Arctic air moved from the Central US into the Northeast, with International Falls, Minnesota reaching negative 36 Fahrenheit. Gas prices in the PJM region rose above $3/MMBtu, and power and gas prices in New England and New York increased.
Cold-driven load growth tightens regional gas supplies and raises power costs, which supports natural gas prices and adds cost pressure to processing and feed operations in affected regions.
spglobal.comFeb 8, 2021After 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.
