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Natural gas futures rose Monday, with the July Nymex contract settling up 16.9 cents at $2.756/MMBtu. Gains followed hot weather in the West, a 12-week high in U.S. LNG exports, and reduced supply in South Central markets.
Stronger LNG feed demand and supply cuts support gas prices, which feed into fertilizer and ethanol production costs. The move is a routine market development with no major shock.
naturalgasintel.comJun 3, 2024Not enough comparable past events yet for a historical read.
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.
