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The EIA's January Short-Term Energy Outlook raised its Henry Hub forecast to $3.55/MMBtu for 2017, up from $3.27 in the December outlook, and added a first 2018 estimate of $3.73. The agency expects inventories to stay below the five-year average through much of the winter.
Higher forecast Henry Hub prices and low inventories raise expected energy costs for US feed and processing plants.
naturalgasintel.comJan 10, 2017After 74 past bullish report events, Natural Gas moved a median +1.3% over 5 sessions (55% higher; middle half -4.0% to +11.3%), and +2.1% 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.
