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Henry Hub prompt futures settled at $1.482/MMBtu on June 24, down 11.5 cents and the lowest June settle on record. The drop followed a larger-than-expected EIA storage build.
Storage could reach record highs for the season by mid-July and persist through injection season.
Persistent storage surplus and weak demand including exports keep US gas prices depressed, lowering energy and nitrogen fertilizer costs for feed producers.
rbnenergy.comSheetal NastaJun 26, 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.
