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US natural gas futures jumped about 9% to a one-month high on forecasts of colder mid-to-late November weather and heating demand. Output fell earlier in the month, and traders expected the Freeport LNG export plant in Texas to return to service soon.
Colder demand forecasts and the expected return of Freeport LNG tighten supply, supporting higher US natural gas prices and energy costs for feed processors.
energynow.comNov 8, 2022After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% 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.
Same 9% jump on colder forecasts, lower November output and anticipated Freeport LNG return, adding heating demand and export pull.
