
The EIA's November Short-Term Energy Outlook raises its end-of-November US natural gas storage forecast by nearly 70 Bcf versus October. It cuts its Henry Hub forecast for November through March to $2.87 per MMBtu, 16% below its prior estimate.
The agency also raised its diesel and gasoline price forecasts for 2027.
Higher projected storage and a lower winter price forecast point to softer US natural gas prices, which lowers costs for fertilizer and feed processing. The higher diesel outlook raises freight and processing costs.
After 62 past bearish report events, Natural Gas moved a median -3.0% over 5 sessions (42% higher; middle half -7.6% to +4.6%), and -0.5% over 20.
After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), 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.