U.S. natural gas settled up 74 cents, or 18 percent, to near $4.84 per MMBtu on fears of an early winter storm, the largest one-day move in years. The commodity is up nearly 60 percent year to date, the best of any commodity.
Oil had fallen as much as 25 percent over the previous six weeks.
A storm-driven rally with tight storage points to higher gas prices through the heating season, raising energy costs for feed and grain processing. The divergence from falling oil suggests gas is trading on its own supply-and-weather fundamentals.
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.