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US natural gas spot prices rose as LNG exports and power demand increased while production rose and storage levels dropped. Sabine Pass and Cove Point shipments were steady to slightly lower week over week.
Rising export and power demand against falling storage tightens the US gas balance, supporting higher gas prices with indirect cost effects on feed processing and fertilizer.
lngjournal.comJohn McKayNov 9, 2018After 155 past bullish macro events, NATGAS 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.
