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US natural gas futures soared as much as 17% as forecasts showed a deep freeze returning in mid-February. Gas supplies in Oklahoma, the Texas Panhandle and Arkansas fell 22% in a day as frozen pipelines limited flow.
Freeze-offs cut production just as heating demand and exports rise, tightening supply and lifting natural gas prices.
financialpost.comBloomberg NewsFeb 2, 2022After 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.
