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Natural-gas futures rose nearly 13% in April, their first monthly gain in six months, as traders bet on slower US production ahead of summer cooling demand. The June contract settled at $1.991 per MMBtu on Tuesday, and the year-to-date loss narrowed to about 20.8%.
Expectations of hotter summer weather and slower output support domestic gas prices, though storage running more than 30% above the five-year average caps the upside. Feed grain buyers see little direct effect beyond energy-cost sentiment.
marketwatch.comMyra P. SaefongApr 30, 2024Not 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.
