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Natural gas futures gave back most of the previous week's gains on Jan. 16 as warmer forecasts for later in January reduced expected heating demand.
The February Nymex contract was down 10% at $2.982 per mmBtu, after freezing weather had earlier lifted prices.
Shifting weather outlooks drive heating-fuel demand and gas prices, which feed through to energy and nitrogen fertilizer costs for feed producers.
wsj.com16 Jan 2024Setelah 104 peristiwa cuaca bearish sebelumnya, Gas Alam bergerak median -7,8% selama 5 sesi (22% lebih tinggi; separuh tengah -14,8% sampai -0,8%), dan -3,3% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
