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US natural gas spiked on forecasts of a major winter storm before settling back. The week included a 268 Bcf storage draw, and projections show a growing end-of-season storage deficit to the five-year average.
Storage deficits and cold forecasts support prices, but the lack of sustained follow-through suggests the market is awaiting a clearer fundamental signal.
aes-energ.comLaurie CFeb 4, 2022After 15 past neutral weather events, Natural Gas moved a median -5.0% over 5 sessions (27% higher; middle half -11.3% to -0.9%), and +4.6% 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.
