Citi analyst Anthony Yuen expects US gas stocks to end October at 3,330 to 3,370 bcf, the lowest October month-end since 2005. He warns a severe cold snap could push Henry Hub cash prices to $12 to $16 per MMBtu.
The November contract finished at $3.054, up 7.4 cents.
Low end-of-season stocks leave the market vulnerable to winter supply shocks, which could sharply raise gas prices. The outcome depends on winter weather, and current prices remain near $3 with output rising.
Setelah 221 peristiwa cuaca bullish sebelumnya, Gas Alam bergerak median +3,3% selama 5 sesi (61% lebih tinggi; separuh tengah -5,2% sampai +14,0%), dan -0,3% 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.