Loading…
US natural gas futures turned positive on October 3 as forecasts for cooler weather later in the month raised expected heating demand. The rise came despite a 112 bcf storage build, slightly above analyst expectations.
Expectations of colder weather support gas demand and prices, although a larger-than-expected storage build limits the gain.
energynow.comReutersOct 1, 2019After 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.
