
U.S. natural gas prices leapt to their highest level in more than four years as unusually cold weather spread across much of the country. Gas stocks were very low, so the market moved to conserve supply.
Analyst Kemp noted that high prices could prompt gas-fired power producers to cut run hours and could discourage LNG exports.
Scarce storage combined with a cold snap pushes prompt gas prices sharply higher, and that raises feed costs for buyers using natural gas-linked inputs such as DDGS and energy-intensive processing. Higher gas prices also shift power generation toward coal.
Após 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.
Describes prices reaching a four-year high on 2018-11-14 as cold weather spread and storage was very low, so the market moved to conserve supply.