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U.S. natural gas futures topped $4.00 per MMBtu for the first time since 2014 and surged again early Wednesday. The rally came in a market long viewed as oversupplied.
The article attributes the move to a clear driver that it describes only briefly.
Gas breaking above $4 after years of weakness raises the cost of natural gas used in feed processing and fertilizer production. The move contrasts with falling oil prices, which may affect energy-linked feed costs.
wsj.comSpencer JakabNov 14, 2018After 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.
Notes futures topping $4 and surging again early Wednesday, which is consistent with the 2018-11-14 move, but it gives little detail on the driver.
