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Natural gas prices rose as Hurricane Rafael disrupted Gulf of Mexico production and rising US LNG exports to Europe supported demand. The article notes prices remain below earlier-year levels.
Hurricane-related supply losses and strong LNG export pull raise the US gas price floor. Higher gas costs feed through to fertilizer and energy expenses for feed producers.
chemanalyst.comNov 12, 2024After 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.
