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Natural gas futures rose sharply on October 12, with the November Nymex contract up 14 cents to $2.881. Gulf Coast LNG plants came through Hurricane Delta largely unscathed, and feed gas to U.S. terminals jumped to above 7 Bcf/d.
Cameron LNG restarted production after a short shutdown.
A quick restart of LNG export capacity after the storm boosts gas demand and supports prices into the winter heating season.
naturalgasintel.comLeticia GonzalesOct 12, 2020After 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.
