
US natural gas futures fell about 3% on Nov. 2 as forecasts pointed to milder weather in the coming days, although prices stayed near a 21-month high.
Record LNG feedgas flows were supporting demand. Utility storage withdrawals in the week ended Oct.
30 were smaller than the year-earlier build and the five-year average.
Milder forecasts reduce near-term heating demand and pressure gas prices, but strong LNG exports and storage tightness limit the downside. Gas cost moves affect nitrogen fertilizer and ethanol margins.
Setelah 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.