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Natural gas prices rose after low storage levels finally prompted a market reaction, with about a few weeks left in the injection season. Prices had hit a low of $2.49 per Mcf in February and had struggled to climb above $3 until now.
Production for September was estimated 13 percent above a year earlier.
Storage running well below normal as the injection season ends supports prices going into winter, raising energy costs for feed processors. Strong production growth limits how far prices can rise.
rigzone.comG. Allen BrooksNov 15, 2018Not enough comparable past events yet for a historical read.
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.
