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Henry Hub cash gas traded near $1.89 per MMBtu after falling to $1.335 earlier in October, a level close to a 21-year low. Storage in the US Southeast and Texas reached record highs near capacity limits.
Analysts flagged downside risk from softer power burn and LNG feedgas demand.
Record storage and soft demand suggest continued pressure on Henry Hub prices, keeping natural gas cheap for US processors and fertilizer producers ahead of winter.
spglobal.comOct 6, 2020Not 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.
