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The US is set to become a natural gas net exporter for the first time in six decades, driven by a boom in LNG exports. Natural gas benchmark prices averaged $2.49 per MMBtu in 2016, the lowest since 1999, well below the 10-year average of $4.42.
Rising LNG export demand supports US gas prices, but producers are expected to raise output to record levels, which should limit how far prices climb.
reuters.comScott DiSavinoMar 29, 2017After 59 past bullish trade events, Natural Gas moved a median +1.3% over 5 sessions (61% higher; middle half -2.7% to +10.6%), and +8.0% 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.
