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US natural gas futures rose 8 percent on forecasts of frigid weather extending through late January. The report is brief and gives few additional details.
Expected cold raises heating demand and draws on storage, which supports natural gas prices in the near term.
pt.cision.comJan 14, 2019After 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.
Reports of frigid weather through late January lifted futures on the same day, though the 8% figure is smaller and the report is thin.
