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The EIA forecasts Henry Hub natural gas spot prices will average $6.09/MMBtu over November 2022 to March 2023, the highest real winter price since 2009-10. The forecast reflects storage about 4% below average and higher LNG export demand as Freeport LNG returns.
A higher winter gas price outlook raises the cost of gas-fired power and drying energy, and supports ethanol and feed-related energy costs in the US.
eia.govNov 9, 2022After 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.
