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Icy weather in the central US pushed natural gas output to its lowest level in a year in many producing basins. Prices jumped in Texas, Louisiana and Chicago to their highest since the February 2021 freeze.
Lost production from freeze-offs tightens supply during peak winter demand, supporting higher gas prices.
energynow.comFeb 3, 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.
