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US natural gas prices rose sharply on Monday on a sizable storage withdrawal and firm demand outlooks. LNG feedgas flows were near 19 BCF/day, and stocks fell below the five-year average for the first time since April.
Colder than normal temperatures were dominating the eastern US.
Storage drawing below the five-year average and steady LNG demand tighten the balance heading into January, supporting gas prices and feed processing costs.
Not 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.