Loading…
June natural gas opened about 3.7 cents higher near $2.847/MMBtu after overnight forecasts added heat risk for the next two weeks. Bespoke Weather Services expects above-average cooling demand, which would limit storage injections ahead of the EIA report.
Hotter weather boosts gas-fired power demand and tightens storage, supporting natural gas prices. Higher gas prices raise fertilizer and energy costs for feed producers.
naturalgasintel.comJeremiah ShelorMay 22, 2018After 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.
