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February Nymex natural gas closed up 7% after rallying for six straight sessions to a two-month high. Forecasts showed an arctic air mass advancing across the northern US and the South, including Texas, while a strong El Niño was expected to keep temperatures above average.
Expected heating demand from the arctic air supports gas prices, while the warm El Niño outlook limits the upside over the longer period.
ibestmedia.com9 de jan. de 2024Após 221 eventos altista de clima passados, Gás natural subiu em mediana +3,3% em 5 sessões (61% de alta; metade central de -5,2% a +14,0%), e -0,3% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
Published on 2024-01-09, it reports a roughly 7% surge in February Nymex gas on arctic-air forecasts, which directly explains the day's large move through a spike in expected heating demand.
