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The Henry Hub front-month natural gas futures price is rising toward $5/MMBtu as US gas storage enters the withdrawal season at depleted levels. Analysts forecast the US will end the withdrawal season with only around 30 bcm in storage.
Tight US gas supplies push up gas-fired power costs and make Henry Hub-indexed LNG less competitive; for feed buyers, higher natural gas raises drying and processing costs and can shift feed grain demand toward other uses.
interfaxenergy.comAbhishek KumarNov 20, 2018After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% 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.
