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Natural gas settled down 10.43% after forecasts showed less demand over the next two weeks because LNG exports were expected to decline. Storage rose 89 bcf, above the 79 bcf forecast, lifting inventories 13.2% above the five-year average.
Weaker demand forecasts and a storage surplus point to continued low gas prices, which keeps energy and fertilizer input costs contained for feed producers.
in.investing.comSep 22, 2020Not enough comparable past events yet for a historical read.
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.
Reports a 10.43% settle drop on 2020-09-22 on weaker two-week demand forecasts, falling LNG exports and a bigger-than-expected storage build, which fits the direction and timing of the move.
