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A warmer-than-expected start to winter across Europe, the US and parts of China eased fears of a gas crisis. US benchmark prices fell as much as 12% on Tuesday to dip below $4 per MMBtu for the first time since February.
Forecasts of mild weather and reduced fuel consumption point to lower gas demand and LNG competition, pressuring natural gas prices. Lower energy costs can ease input expenses for feed and fertilizer producers.
energynow.comJan 4, 2023After 104 past bearish weather events, Natural Gas moved a median -7.8% over 5 sessions (22% higher; middle half -14.8% to -0.8%), and -3.3% 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.
