Loading…
EIA forecasts U.S. natural gas inventories will reach 3,263 Bcf at end-October 2018, the lowest end-of-October level since 2005. A cold April delayed the refill season by about four weeks, following heavy January withdrawals.
Storage running well below normal heading into winter raises the risk of tight supply and supports natural gas prices, a bullish signal for gas-fired feed and fertilizer costs.
eia.govOct 12, 2018After 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.
