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US natural gas prices rose about 3% to a four-month high on forecasts of colder temperatures. Brent crude climbed back to $94 after Trump said a deal with Iran was not necessary.
Colder US weather raises gas demand and input costs for nitrogen fertilizer and ethanol. The crude rebound also supports energy costs across feed supply chains.
it.marketscreener.comReutersNov 12, 2026After 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.
After 24 past bullish weather events, Crude Oil (Brent) moved a median +2.8% over 5 sessions (67% higher; middle half -1.9% to +5.2%), and +6.3% 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.
