Natural gas prices traded lower as profit-taking set in and traders priced in warmer February conditions and fewer freeze-offs than expected. February gas settled 19.2 cents lower at $3.756.
Feedgas flows were disrupted by an offline Freeport LNG terminal before resuming, and a record storage draw was expected.
Feedgas disruptions at LNG terminals shift gas between domestic and export use, affecting energy costs for processors. Expectations of a record storage draw are supportive, but warmer forecasts limit upside for feed-related energy costs.
Após 15 eventos neutro de clima passados, Gás natural subiu em mediana -5,0% em 5 sessões (27% de alta; metade central de -11,3% a -0,9%), e +4,6% 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.
Profit-taking and warmer February expectations with fewer freeze-offs than feared pushed February gas down 19 cents to $3.756.