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Natural gas futures settled more than 7% higher on a Monday, mirroring gains in oil and equities, after a sharp recent swing that included the biggest one-day loss in almost two years. Historical and implied volatility have surged, and bullish bets on US gas have grown as traders wager on weak output and stronger winter demand.
Heightened volatility reflects uncertainty over whether a cold winter and rising LNG exports will tighten supply enough to lift prices. For feed buyers, natural gas costs feed into fertilizer, drying and processing expenses, so the outlook adds upside risk.
bloomberg.comChristine Buurma, Sergio ChapaOct 5, 2020
bostonglobe.comChristine Buurma, Sergio ChapaOct 5, 2020Not 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.
