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US natural gas futures rose more than 5% on Monday, posting their first monthly gain in four months. The rally followed colder-than-normal forecasts and higher heating demand over the next two weeks.
Colder forecasts raise expected heating demand, supporting prices, though traders warn the rally may be hard to sustain without a stronger cold outlook.
brecorder.comReutersFeb 1, 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.
