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Natural gas futures closed higher as another hurricane moved through the Gulf of Mexico and forced offshore producers to shut in output. Traders expected the storm to slow the buildup in inventories.
Storm-driven production losses in the Gulf tighten near-term gas supply and support energy and fertilizer input costs for feed producers.
wsj.comSep 14, 2020After 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.
