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US natural gas futures gained more than 5% as Gulf of Mexico producers shut wells ahead of Hurricane Delta, which was forecast to hit Louisiana as a major hurricane. Output in the Lower 48 states fell toward a 26-month low, and LNG flows were at their highest since April despite evacuation risks.
Offshore shut-ins and the threat to Gulf Coast LNG terminals tighten near-term supply and lift prices. Feed buyers face higher energy and fertilizer input risk if the storm disrupts Gulf production for longer.
ca.investing.comOct 7, 2020ca.investing.comOct 7, 2020After 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.
