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US natural gas futures rose over 3% to a seven-week high on forecasts of warmer weather and higher cooling demand. Stockpiles are expected to reach near-normal levels by the end of injection season, after record production had kept futures near multi-year lows.
Weather-driven power demand lifts short-term US gas prices, though rising production continues to cap the rally.
energynow.comReutersSep 3, 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.
