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Natural gas futures for March delivery rose 12% on Friday to $4.79/MMBtu ahead of a blizzard forecast to drive heating demand across the Northeast. The contract is up more than 25% for the week and hit its highest level since late November.
A severe winter storm boosts heating demand while U.S. production is described as maxed out, supporting higher gas prices. Higher energy costs raise drying and processing expenses that can lift feed prices.
kioncentralcoast.comCNN NewsourceJan 28, 2022After 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.
