
U.S. natural gas futures slipped to a three-week low as output recovered quickly from freezing weather. Forecasts called for warmer-than-normal weather over the next two weeks.
The front-month contract was down about 15% for the week, its largest weekly drop since December.
Rebounding output and warmer forecasts reduce heating demand and loosen supply, pushing gas prices lower. The oil-to-gas price ratio widened, which may keep U.S. drilling focused on oil rather than gas.
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.